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$560,547$560,547$720,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$159,453$0
Funding fee$2,803$2,803$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.006%7.640%
1st payment$2,620.43$2,620.43$4,985.13
2nd payment$0.00$1,063.02$0.00
Taxes / mo$134.67$134.67$134.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,971.77$4,034.78$5,480.47
Cash to close$239,453$80,000$80,000