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$295,339$295,339$404,100
Remaining term (yrs)28.228.230.0
Secondary amount$0$108,761$0
Funding fee$1,477$1,477$0
Note rate6.840%6.840%7.400%
Blended rate6.840%7.152%7.640%
1st payment$1,968.44$1,968.44$2,797.91
2nd payment$0.00$725.07$0.00
Taxes / mo$237.75$237.75$237.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,356.19$3,081.26$3,266.48
Cash to close$153,661$44,900$44,900