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$550,029$550,029$559,800
Remaining term (yrs)25.825.830.0
Secondary amount$0$40,871$0
Funding fee$2,750$2,750$0
Note rate5.520%5.520%7.400%
Blended rate5.520%5.960%7.640%
1st payment$3,328.91$3,328.91$3,875.94
2nd payment$0.00$404.45$0.00
Taxes / mo$260.58$260.58$260.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.96
HOA / mo$96.33$96.33$96.33
Total monthly$3,852.49$4,256.94$4,511.48
Cash to close$71,971$31,100$62,200