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$520,416$520,416$594,000
Remaining term (yrs)28.028.030.0
Secondary amount$0$73,584$0
Funding fee$2,602$2,602$0
Note rate6.090%6.090%7.400%
Blended rate6.090%6.450%7.640%
1st payment$3,223.55$3,223.55$4,112.74
2nd payment$0.00$551.88$0.00
Taxes / mo$179.08$179.08$179.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.80
HOA / mo$112.00$112.00$112.00
Total monthly$3,681.30$4,233.18$4,689.29
Cash to close$139,584$66,000$66,000