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$406,385$406,385$593,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$186,715$0
Funding fee$2,032$2,032$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.882%7.640%
1st payment$1,998.59$1,998.59$4,106.50
2nd payment$0.00$1,244.77$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$118.62
HOA / mo$72.00$72.00$72.00
Total monthly$2,399.76$3,644.53$4,626.29
Cash to close$252,615$65,900$65,900