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$466,737$466,737$472,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$32,013$0
Funding fee$2,334$2,334$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.845%7.640%
1st payment$3,023.05$3,023.05$3,271.49
2nd payment$0.00$316.79$0.00
Taxes / mo$135.00$135.00$135.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$55.00$55.00$55.00
Total monthly$3,379.72$3,696.51$3,722.66
Cash to close$58,263$26,250$52,500