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$693,861$693,861$684,000
Remaining term (yrs)29.129.130.0
Secondary amount$0$28,139$0
Funding fee$3,469$3,469$0
Note rate6.220%6.220%7.400%
Blended rate6.220%6.440%7.640%
1st payment$4,296.37$4,296.37$4,735.88
2nd payment$0.00$278.45$0.00
Taxes / mo$297.42$297.42$297.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.80
HOA / mo$0.00$0.00$0.00
Total monthly$4,810.45$5,088.91$5,386.76
Cash to close$66,139$38,000$76,000