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$860,534$860,534$1,124,999
Remaining term (yrs)28.028.030.0
Secondary amount$0$264,465$0
Funding fee$4,303$4,303$0
Note rate6.490%6.490%7.400%
Blended rate6.490%6.786%7.640%
1st payment$5,556.41$5,556.41$7,789.27
2nd payment$0.00$1,708.00$0.00
Taxes / mo$390.67$390.67$390.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$6,163.75$7,871.75$8,621.60
Cash to close$389,465$125,000$125,000