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$290,603$290,603$360,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$69,397$0
Funding fee$1,453$1,453$0
Note rate7.070%7.070%7.400%
Blended rate7.070%7.442%7.640%
1st payment$2,010.03$2,010.03$2,492.57
2nd payment$0.00$520.47$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$104.00$104.00$104.00
Total monthly$2,404.86$2,925.34$2,959.40
Cash to close$109,397$40,000$40,000