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$414,070$414,070$787,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$373,430$0
Funding fee$2,070$2,070$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.116%7.640%
1st payment$1,935.18$1,935.18$5,452.49
2nd payment$0.00$2,411.73$0.00
Taxes / mo$382.08$382.08$382.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,533.93$4,945.66$6,208.74
Cash to close$460,930$87,500$87,500