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$430,172$430,172$471,600
Remaining term (yrs)25.725.730.0
Secondary amount$0$41,428$0
Funding fee$2,151$2,151$0
Note rate5.100%5.100%7.400%
Blended rate5.100%5.443%7.640%
1st payment$2,499.47$2,499.47$3,265.26
2nd payment$0.00$310.71$0.00
Taxes / mo$232.17$232.17$232.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,898.30$3,209.01$3,758.42
Cash to close$93,828$52,400$52,400