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$281,795$281,795$296,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$30,755$0
Funding fee$1,409$1,409$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.164%7.640%
1st payment$1,884.97$1,884.97$2,050.14
2nd payment$0.00$304.35$0.00
Taxes / mo$92.67$92.67$92.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$59.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,127.64$2,431.98$2,352.02
Cash to close$47,205$16,450$32,900