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$517,074$517,074$516,600
Remaining term (yrs)26.226.230.0
Secondary amount$0$28,226$0
Funding fee$2,585$2,585$0
Note rate6.150%6.150%7.400%
Blended rate6.150%6.446%7.640%
1st payment$3,307.62$3,307.62$3,576.83
2nd payment$0.00$279.32$0.00
Taxes / mo$235.42$235.42$235.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.32
HOA / mo$175.00$175.00$175.00
Total monthly$3,884.70$4,164.02$4,257.24
Cash to close$56,926$28,700$57,400