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$240,603$240,603$297,000
Remaining term (yrs)25.625.630.0
Secondary amount$0$56,397$0
Funding fee$1,203$1,203$0
Note rate5.000%5.000%7.400%
Blended rate5.000%5.760%7.640%
1st payment$1,386.03$1,386.03$2,056.37
2nd payment$0.00$422.98$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,658.86$2,081.83$2,388.60
Cash to close$89,397$33,000$33,000