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$539,632$539,632$629,100
Remaining term (yrs)28.828.830.0
Secondary amount$0$89,468$0
Funding fee$2,698$2,698$0
Note rate6.720%6.720%7.400%
Blended rate6.720%7.044%7.640%
1st payment$3,530.40$3,530.40$4,355.76
2nd payment$0.00$671.01$0.00
Taxes / mo$246.33$246.33$246.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,943.40$4,614.41$4,894.58
Cash to close$159,368$69,900$69,900