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$624,868$624,868$963,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$338,132$0
Funding fee$3,124$3,124$0
Note rate3.510%3.510%7.400%
Blended rate3.510%4.999%7.640%
1st payment$3,087.02$3,087.02$6,667.62
2nd payment$0.00$2,183.77$0.00
Taxes / mo$359.25$359.25$359.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$192.60
HOA / mo$55.00$55.00$55.00
Total monthly$3,717.94$5,901.71$7,491.13
Cash to close$445,132$107,000$107,000