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$640,502$640,502$854,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$213,598$0
Funding fee$3,203$3,203$0
Note rate5.090%5.090%7.400%
Blended rate5.090%5.755%7.640%
1st payment$3,712.02$3,712.02$5,913.62
2nd payment$0.00$1,379.49$0.00
Taxes / mo$236.67$236.67$236.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.82
HOA / mo$47.33$47.33$47.33
Total monthly$4,212.68$5,592.16$6,585.10
Cash to close$308,498$94,900$94,900