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$292,803$292,803$315,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$39,697$0
Funding fee$1,464$1,464$0
Note rate6.120%6.120%7.400%
Blended rate6.120%6.807%7.640%
1st payment$1,819.25$1,819.25$2,181.00
2nd payment$0.00$392.84$0.00
Taxes / mo$128.50$128.50$128.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$77.00$77.00$77.00
Total monthly$2,174.75$2,567.59$2,599.50
Cash to close$57,197$17,500$35,000