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$540,010$540,010$539,910
Remaining term (yrs)27.427.430.0
Secondary amount$0$29,895$0
Funding fee$2,700$2,700$0
Note rate6.660%6.660%7.400%
Blended rate6.660%6.934%7.640%
1st payment$3,572.12$3,572.12$3,738.23
2nd payment$0.00$295.83$0.00
Taxes / mo$191.25$191.25$191.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$107.98
HOA / mo$115.00$115.00$115.00
Total monthly$4,045.04$4,340.87$4,319.13
Cash to close$59,890$29,995$59,990