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$495,961$495,961$517,499
Remaining term (yrs)28.528.530.0
Secondary amount$0$50,288$0
Funding fee$2,480$2,480$0
Note rate3.990%3.990%7.400%
Blended rate3.990%4.716%7.640%
1st payment$2,422.29$2,422.29$3,583.06
2nd payment$0.00$497.64$0.00
Taxes / mo$12.00$12.00$12.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$90.00$90.00$90.00
Total monthly$2,690.96$3,188.60$3,955.23
Cash to close$79,038$28,750$57,500