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$63,882$63,882$787,496
Remaining term (yrs)25.925.930.0
Secondary amount$0$723,614$0
Funding fee$319$319$0
Note rate3.000%3.000%7.400%
Blended rate3.000%7.365%7.640%
1st payment$295.12$295.12$5,452.46
2nd payment$0.00$4,673.34$0.00
Taxes / mo$250.17$250.17$250.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$113.00$113.00$113.00
Total monthly$874.96$5,548.29$6,189.79
Cash to close$811,113$87,500$87,500