Sophia Sommer

(602) 512-9825
The Sommer Group
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$212,966$212,966$243,000
Remaining term (yrs)28.228.230.0
Secondary amount$0$30,034$0
Funding fee$1,065$1,065$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.809%7.640%
1st payment$1,372.22$1,372.22$1,682.48
2nd payment$0.00$225.25$0.00
Taxes / mo$7.17$7.17$7.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$48.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,529.39$1,754.64$1,888.25
Cash to close$57,034$27,000$27,000