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$489,957$489,957$513,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$51,543$0
Funding fee$2,450$2,450$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.125%7.640%
1st payment$2,965.34$2,965.34$3,551.91
2nd payment$0.00$510.07$0.00
Taxes / mo$174.00$174.00$174.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$102.60
HOA / mo$80.00$80.00$80.00
Total monthly$3,386.00$3,896.07$4,075.18
Cash to close$80,043$28,500$57,000