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$397,368$397,368$476,999
Remaining term (yrs)27.427.430.0
Secondary amount$0$79,631$0
Funding fee$1,987$1,987$0
Note rate6.880%6.880%7.400%
Blended rate6.880%7.234%7.640%
1st payment$2,685.30$2,685.30$3,302.65
2nd payment$0.00$597.23$0.00
Taxes / mo$141.25$141.25$141.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$95.40
HOA / mo$123.00$123.00$123.00
Total monthly$3,116.22$3,713.45$3,828.96
Cash to close$132,631$53,000$53,000