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$538,309$538,309$765,000
Remaining term (yrs)26.226.230.0
Secondary amount$0$226,691$0
Funding fee$2,692$2,692$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.089%7.640%
1st payment$3,668.48$3,668.48$5,296.71
2nd payment$0.00$1,464.05$0.00
Taxes / mo$45.00$45.00$45.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$113.00$113.00$113.00
Total monthly$4,043.14$5,507.19$5,824.37
Cash to close$311,691$85,000$85,000