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$595,945$595,945$683,100
Remaining term (yrs)26.826.830.0
Secondary amount$0$87,155$0
Funding fee$2,980$2,980$0
Note rate6.690%6.690%7.400%
Blended rate6.690%6.985%7.640%
1st payment$3,983.72$3,983.72$4,729.65
2nd payment$0.00$653.66$0.00
Taxes / mo$288.75$288.75$288.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$136.62
HOA / mo$50.00$50.00$50.00
Total monthly$4,539.14$5,192.80$5,421.68
Cash to close$163,055$75,900$75,900