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$538,996$538,996$1,079,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$540,104$0
Funding fee$2,695$2,695$0
Note rate3.450%3.450%7.400%
Blended rate3.450%5.602%7.640%
1st payment$2,650.77$2,650.77$7,471.47
2nd payment$0.00$3,488.17$0.00
Taxes / mo$435.67$435.67$435.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$215.82
HOA / mo$0.00$0.00$0.00
Total monthly$3,303.11$6,791.28$8,339.62
Cash to close$660,004$119,900$119,900