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$254,553$254,553$274,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$35,197$0
Funding fee$1,273$1,273$0
Note rate6.860%6.860%7.400%
Blended rate6.860%7.469%7.640%
1st payment$1,693.52$1,693.52$1,900.58
2nd payment$0.00$348.30$0.00
Taxes / mo$155.25$155.25$155.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$54.90
HOA / mo$194.33$194.33$194.33
Total monthly$2,193.10$2,541.40$2,455.06
Cash to close$50,447$15,250$30,500