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$516,469$516,469$571,500
Remaining term (yrs)25.625.630.0
Secondary amount$0$55,031$0
Funding fee$2,582$2,582$0
Note rate5.110%5.110%7.400%
Blended rate5.110%5.485%7.640%
1st payment$3,008.63$3,008.63$3,956.95
2nd payment$0.00$412.73$0.00
Taxes / mo$230.50$230.50$230.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$77.33$77.33$77.33
Total monthly$3,483.13$3,895.86$4,545.75
Cash to close$118,531$63,500$63,500