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$551,182$551,182$576,000
Remaining term (yrs)27.527.530.0
Secondary amount$0$56,818$0
Funding fee$2,756$2,756$0
Note rate6.900%6.900%7.400%
Blended rate6.900%7.365%7.640%
1st payment$3,728.14$3,728.14$3,988.11
2nd payment$0.00$562.26$0.00
Taxes / mo$303.08$303.08$303.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$115.20
HOA / mo$198.00$198.00$198.00
Total monthly$4,395.89$4,958.15$4,771.06
Cash to close$88,818$32,000$64,000