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$843,959$843,959$1,134,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$290,041$0
Funding fee$4,220$4,220$0
Note rate4.980%4.980%7.400%
Blended rate4.980%5.688%7.640%
1st payment$4,844.12$4,844.12$7,851.59
2nd payment$0.00$1,873.18$0.00
Taxes / mo$219.33$219.33$219.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$226.80
HOA / mo$0.00$0.00$0.00
Total monthly$5,280.12$7,153.30$8,514.39
Cash to close$416,041$126,000$126,000