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$330,881$330,881$1,323,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$992,119$0
Funding fee$1,654$1,654$0
Note rate2.940%2.940%7.400%
Blended rate2.940%6.547%7.640%
1st payment$1,599.03$1,599.03$9,160.18
2nd payment$0.00$6,407.43$0.00
Taxes / mo$279.92$279.92$279.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$264.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,095.61$8,503.05$9,921.37
Cash to close$1,139,119$147,000$147,000