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$674,191$674,191$3,105,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$2,430,809$0
Funding fee$3,371$3,371$0
Note rate2.850%2.850%7.400%
Blended rate2.850%6.686%7.640%
1st payment$3,181.33$3,181.33$21,498.39
2nd payment$0.00$15,698.97$0.00
Taxes / mo$868.17$868.17$868.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$621.00
HOA / mo$152.58$152.58$152.58
Total monthly$4,418.74$20,117.72$23,356.81
Cash to close$2,775,809$345,000$345,000