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$573,047$573,047$1,043,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$470,053$0
Funding fee$2,865$2,865$0
Note rate2.830%2.830%7.400%
Blended rate2.830%5.047%7.640%
1st payment$2,704.53$2,704.53$7,222.21
2nd payment$0.00$3,035.76$0.00
Taxes / mo$331.42$331.42$331.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$208.62
HOA / mo$0.00$0.00$0.00
Total monthly$3,252.61$6,288.37$7,978.92
Cash to close$585,953$115,900$115,900