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$514,395$514,395$710,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$195,705$0
Funding fee$2,572$2,572$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.450%7.640%
1st payment$2,455.34$2,455.34$4,916.59
2nd payment$0.00$1,304.70$0.00
Taxes / mo$207.67$207.67$207.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$142.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,879.68$4,184.38$5,482.94
Cash to close$274,605$78,900$78,900