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$459,753$459,753$630,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$170,247$0
Funding fee$2,299$2,299$0
Note rate2.500%2.500%7.400%
Blended rate2.500%3.986%7.640%
1st payment$2,062.53$2,062.53$4,361.99
2nd payment$0.00$1,134.98$0.00
Taxes / mo$213.17$213.17$213.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,442.36$3,577.34$4,867.83
Cash to close$240,247$70,000$70,000