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$475,427$475,427$495,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$47,073$0
Funding fee$2,377$2,377$0
Note rate4.420%4.420%7.400%
Blended rate4.420%5.092%7.640%
1st payment$2,583.83$2,583.83$3,427.28
2nd payment$0.00$465.83$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$99.00
HOA / mo$102.00$102.00$102.00
Total monthly$2,999.42$3,465.25$3,941.86
Cash to close$74,573$27,500$55,000