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$733,283$733,283$1,012,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$279,217$0
Funding fee$3,666$3,666$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.845%7.640%
1st payment$4,701.07$4,701.07$7,010.35
2nd payment$0.00$1,803.28$0.00
Taxes / mo$346.00$346.00$346.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$135.00$135.00$135.00
Total monthly$5,398.74$7,202.01$7,910.51
Cash to close$391,717$112,500$112,500