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$875,310$875,310$1,124,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$248,790$0
Funding fee$4,377$4,377$0
Note rate2.900%2.900%7.400%
Blended rate2.900%3.973%7.640%
1st payment$4,059.62$4,059.62$7,783.04
2nd payment$0.00$1,606.77$0.00
Taxes / mo$440.00$440.00$440.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.82
HOA / mo$0.00$0.00$0.00
Total monthly$4,716.29$6,323.05$8,664.53
Cash to close$373,690$124,900$124,900