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$636,131$636,131$809,100
Remaining term (yrs)28.028.030.0
Secondary amount$0$172,969$0
Funding fee$3,181$3,181$0
Note rate6.780%6.780%7.400%
Blended rate6.780%7.041%7.640%
1st payment$4,227.23$4,227.23$5,602.04
2nd payment$0.00$1,153.12$0.00
Taxes / mo$263.92$263.92$263.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$191.67$191.67$191.67
Total monthly$4,899.48$6,052.61$6,436.12
Cash to close$262,869$89,900$89,900