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$557,415$557,415$701,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$143,685$0
Funding fee$2,787$2,787$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.028%7.640%
1st payment$3,368.74$3,368.74$4,854.27
2nd payment$0.00$957.90$0.00
Taxes / mo$240.92$240.92$240.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$140.22
HOA / mo$30.00$30.00$30.00
Total monthly$3,856.33$4,814.22$5,482.08
Cash to close$221,585$77,900$77,900