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$230,187$230,187$360,000
Remaining term (yrs)22.622.630.0
Secondary amount$0$129,813$0
Funding fee$1,151$1,151$0
Note rate4.200%4.200%7.400%
Blended rate4.200%5.570%7.640%
1st payment$1,310.57$1,310.57$2,492.57
2nd payment$0.00$865.42$0.00
Taxes / mo$189.75$189.75$189.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,650.32$2,515.74$2,904.32
Cash to close$169,813$40,000$40,000