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$318,153$318,153$333,000
Remaining term (yrs)26.926.930.0
Secondary amount$0$33,347$0
Funding fee$1,591$1,591$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.426%7.640%
1st payment$2,180.01$2,180.01$2,305.62
2nd payment$0.00$330.00$0.00
Taxes / mo$105.83$105.83$105.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,435.85$2,765.84$2,628.06
Cash to close$51,847$18,500$37,000