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$517,837$517,837$572,400
Remaining term (yrs)29.029.030.0
Secondary amount$0$54,563$0
Funding fee$2,589$2,589$0
Note rate6.580%6.580%7.400%
Blended rate6.580%6.811%7.640%
1st payment$3,333.92$3,333.92$3,963.18
2nd payment$0.00$409.22$0.00
Taxes / mo$226.08$226.08$226.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.48
HOA / mo$58.17$58.17$58.17
Total monthly$3,784.84$4,194.07$4,528.58
Cash to close$118,163$63,600$63,600