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$337,053$337,053$360,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$42,947$0
Funding fee$1,685$1,685$0
Note rate5.270%5.270%7.400%
Blended rate5.270%6.016%7.640%
1st payment$1,992.40$1,992.40$2,492.57
2nd payment$0.00$424.99$0.00
Taxes / mo$179.50$179.50$179.50
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$2,321.90$2,746.89$2,894.07
Cash to close$62,947$20,000$40,000