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$334,695$334,695$1,259,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$924,405$0
Funding fee$1,673$1,673$0
Note rate2.810%2.810%7.400%
Blended rate2.810%6.437%7.640%
1st payment$1,572.47$1,572.47$8,717.75
2nd payment$0.00$5,970.11$0.00
Taxes / mo$223.75$223.75$223.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,012.89$7,983.00$9,409.99
Cash to close$1,064,305$139,900$139,900