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$500,130$500,130$611,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$111,780$0
Funding fee$2,501$2,501$0
Note rate6.200%6.200%7.400%
Blended rate6.200%6.529%7.640%
1st payment$3,132.88$3,132.88$4,236.74
2nd payment$0.00$745.20$0.00
Taxes / mo$208.08$208.08$208.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.38
HOA / mo$0.00$0.00$0.00
Total monthly$3,507.63$4,252.83$4,733.87
Cash to close$179,770$67,990$67,990