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$473,898$473,898$490,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$43,852$0
Funding fee$2,369$2,369$0
Note rate3.100%3.100%7.400%
Blended rate3.100%3.843%7.640%
1st payment$2,247.35$2,247.35$3,396.12
2nd payment$0.00$433.95$0.00
Taxes / mo$152.58$152.58$152.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$98.10
HOA / mo$60.00$60.00$60.00
Total monthly$2,626.60$3,060.55$3,873.47
Cash to close$71,102$27,250$54,500