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$427,948$427,948$441,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$37,552$0
Funding fee$2,140$2,140$0
Note rate5.250%5.250%7.400%
Blended rate5.250%5.784%7.640%
1st payment$2,524.60$2,524.60$3,053.39
2nd payment$0.00$371.61$0.00
Taxes / mo$257.75$257.75$257.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$88.20
HOA / mo$89.00$89.00$89.00
Total monthly$3,038.01$3,409.63$3,655.01
Cash to close$62,052$24,500$49,000