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$628,491$628,491$1,214,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$585,609$0
Funding fee$3,142$3,142$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.182%7.640%
1st payment$2,912.18$2,912.18$8,406.18
2nd payment$0.00$3,782.06$0.00
Taxes / mo$542.33$542.33$542.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.82
HOA / mo$216.00$216.00$216.00
Total monthly$3,887.18$7,669.24$9,624.00
Cash to close$720,509$134,900$134,900