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$506,595$506,595$517,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$39,655$0
Funding fee$2,533$2,533$0
Note rate6.060%6.060%7.400%
Blended rate6.060%6.482%7.640%
1st payment$3,075.25$3,075.25$3,583.07
2nd payment$0.00$392.42$0.00
Taxes / mo$11.17$11.17$11.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,253.09$3,645.50$3,864.40
Cash to close$68,405$28,750$57,500