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$542,439$542,439$593,100
Remaining term (yrs)27.927.930.0
Secondary amount$0$50,661$0
Funding fee$2,712$2,712$0
Note rate6.850%6.850%7.400%
Blended rate6.850%7.034%7.640%
1st payment$3,633.04$3,633.04$4,106.50
2nd payment$0.00$379.95$0.00
Taxes / mo$290.25$290.25$290.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$178.67$178.67$178.67
Total monthly$4,268.63$4,648.58$4,860.71
Cash to close$116,561$65,900$65,900