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$581,168$581,168$647,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$65,932$0
Funding fee$2,906$2,906$0
Note rate6.870%6.870%7.400%
Blended rate6.870%7.087%7.640%
1st payment$3,873.91$3,873.91$4,480.39
2nd payment$0.00$494.49$0.00
Taxes / mo$205.42$205.42$205.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$129.42
HOA / mo$105.00$105.00$105.00
Total monthly$4,400.99$4,895.48$5,136.89
Cash to close$137,832$71,900$71,900