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$279,046$279,046$324,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$44,954$0
Funding fee$1,395$1,395$0
Note rate2.980%2.980%7.400%
Blended rate2.980%3.815%7.640%
1st payment$1,323.34$1,323.34$2,243.31
2nd payment$0.00$337.16$0.00
Taxes / mo$158.75$158.75$158.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,632.09$1,969.25$2,616.86
Cash to close$80,954$36,000$36,000