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$546,164$546,164$585,000
Remaining term (yrs)27.627.630.0
Secondary amount$0$38,836$0
Funding fee$2,731$2,731$0
Note rate6.820%6.820%7.400%
Blended rate6.820%6.965%7.640%
1st payment$3,658.24$3,658.24$4,050.42
2nd payment$0.00$291.27$0.00
Taxes / mo$166.17$166.17$166.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,991.08$4,282.35$4,500.26
Cash to close$103,836$65,000$65,000