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$403,522$403,522$899,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$495,578$0
Funding fee$2,018$2,018$0
Note rate2.950%2.950%7.400%
Blended rate2.950%5.596%7.640%
1st payment$1,916.08$1,916.08$6,225.19
2nd payment$0.00$3,200.61$0.00
Taxes / mo$365.75$365.75$365.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.82
HOA / mo$13.75$13.75$13.75
Total monthly$2,512.25$5,712.85$7,001.17
Cash to close$595,478$99,900$99,900