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$427,735$427,735$485,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$58,175$0
Funding fee$2,139$2,139$0
Note rate6.810%6.810%7.400%
Blended rate6.810%7.072%7.640%
1st payment$2,886.15$2,886.15$3,364.34
2nd payment$0.00$436.31$0.00
Taxes / mo$252.17$252.17$252.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$97.18
HOA / mo$0.00$0.00$0.00
Total monthly$3,304.98$3,741.30$3,880.36
Cash to close$112,165$53,990$53,990