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$225,595$225,595$315,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$89,405$0
Funding fee$1,128$1,128$0
Note rate2.860%2.860%7.400%
Blended rate2.860%4.603%7.640%
1st payment$1,051.05$1,051.05$2,181.00
2nd payment$0.00$670.54$0.00
Taxes / mo$193.33$193.33$193.33
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$63.00
HOA / mo$147.00$147.00$147.00
Total monthly$1,541.38$2,211.92$2,734.33
Cash to close$124,405$35,000$35,000