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$582,106$582,106$629,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$46,994$0
Funding fee$2,911$2,911$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.356%7.640%
1st payment$2,693.79$2,693.79$4,355.76
2nd payment$0.00$352.45$0.00
Taxes / mo$363.58$363.58$363.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$514.00$514.00$514.00
Total monthly$3,738.04$4,090.50$5,525.83
Cash to close$116,894$69,900$69,900