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$460,198$460,198$480,150
Remaining term (yrs)29.029.030.0
Secondary amount$0$46,627$0
Funding fee$2,301$2,301$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.994%7.640%
1st payment$2,938.79$2,938.79$3,324.46
2nd payment$0.00$461.41$0.00
Taxes / mo$142.42$142.42$142.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$96.03
HOA / mo$0.00$0.00$0.00
Total monthly$3,247.88$3,709.29$3,729.57
Cash to close$73,302$26,675$53,350