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$648,701$648,701$675,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$26,299$0
Funding fee$3,244$3,244$0
Note rate6.960%6.960%7.400%
Blended rate6.960%7.039%7.640%
1st payment$4,366.65$4,366.65$4,673.56
2nd payment$0.00$197.24$0.00
Taxes / mo$208.50$208.50$208.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$135.00
HOA / mo$80.00$80.00$80.00
Total monthly$4,871.82$5,069.06$5,313.73
Cash to close$101,299$75,000$75,000