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$556,645$556,645$566,910
Remaining term (yrs)26.626.630.0
Secondary amount$0$41,760$0
Funding fee$2,783$2,783$0
Note rate6.340%6.340%7.400%
Blended rate6.340%6.726%7.640%
1st payment$3,605.18$3,605.18$3,925.17
2nd payment$0.00$413.25$0.00
Taxes / mo$220.00$220.00$220.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$113.38
HOA / mo$51.50$51.50$51.50
Total monthly$4,043.35$4,456.60$4,476.72
Cash to close$73,255$31,495$62,990