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$598,562$598,562$854,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$255,538$0
Funding fee$2,993$2,993$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.337%7.640%
1st payment$2,769.88$2,769.88$5,913.62
2nd payment$0.00$1,650.35$0.00
Taxes / mo$299.50$299.50$299.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$170.82
HOA / mo$27.50$27.50$27.50
Total monthly$3,313.55$4,963.90$6,628.10
Cash to close$350,438$94,900$94,900