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$412,804$412,804$531,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$118,196$0
Funding fee$2,064$2,064$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.678%7.640%
1st payment$2,579.97$2,579.97$3,676.54
2nd payment$0.00$787.97$0.00
Taxes / mo$158.83$158.83$158.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$106.20
HOA / mo$112.00$112.00$112.00
Total monthly$3,017.47$3,805.44$4,220.24
Cash to close$177,196$59,000$59,000