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$435,601$435,601$553,500
Remaining term (yrs)28.028.030.0
Secondary amount$0$117,899$0
Funding fee$2,178$2,178$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.040%7.640%
1st payment$2,891.80$2,891.80$3,832.32
2nd payment$0.00$785.99$0.00
Taxes / mo$244.17$244.17$244.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,302.64$4,088.63$4,353.86
Cash to close$179,399$61,500$61,500