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$309,638$309,638$360,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$50,362$0
Funding fee$1,548$1,548$0
Note rate2.990%2.990%7.400%
Blended rate2.990%3.831%7.640%
1st payment$1,444.25$1,444.25$2,492.57
2nd payment$0.00$377.72$0.00
Taxes / mo$139.08$139.08$139.08
Insurance / mo$0.00$0.00$0.00
MI / mo$0.00$0.00$72.00
HOA / mo$26.67$26.67$26.67
Total monthly$1,610.01$1,987.72$2,730.32
Cash to close$90,362$40,000$40,000