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$274,994$274,994$293,400
Remaining term (yrs)27.727.730.0
Secondary amount$0$34,706$0
Funding fee$1,375$1,375$0
Note rate6.990%6.990%7.400%
Blended rate6.990%7.537%7.640%
1st payment$1,870.69$1,870.69$2,031.44
2nd payment$0.00$343.45$0.00
Taxes / mo$120.17$120.17$120.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$58.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,140.86$2,484.30$2,360.29
Cash to close$51,006$16,300$32,600