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$530,146$530,146$562,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$32,354$0
Funding fee$2,651$2,651$0
Note rate6.630%6.630%7.400%
Blended rate6.630%6.766%7.640%
1st payment$3,430.53$3,430.53$3,894.64
2nd payment$0.00$242.65$0.00
Taxes / mo$215.50$215.50$215.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$112.50
HOA / mo$542.00$542.00$542.00
Total monthly$4,354.70$4,597.35$4,931.30
Cash to close$94,854$62,500$62,500