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$517,604$517,604$584,010
Remaining term (yrs)25.925.930.0
Secondary amount$0$66,406$0
Funding fee$2,588$2,588$0
Note rate5.540%5.540%7.400%
Blended rate5.540%5.933%7.640%
1st payment$3,134.40$3,134.40$4,043.57
2nd payment$0.00$498.05$0.00
Taxes / mo$235.08$235.08$235.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.80
HOA / mo$245.00$245.00$245.00
Total monthly$3,781.15$4,279.19$4,807.12
Cash to close$131,296$64,890$64,890