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$408,169$408,169$585,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$176,831$0
Funding fee$2,041$2,041$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.953%7.640%
1st payment$2,604.03$2,604.03$4,050.42
2nd payment$0.00$1,178.87$0.00
Taxes / mo$19.33$19.33$19.33
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$185.00$185.00$185.00
Total monthly$2,975.03$4,153.90$4,538.42
Cash to close$241,831$65,000$65,000