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$376,949$376,949$697,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$320,551$0
Funding fee$1,885$1,885$0
Note rate2.870%2.870%7.400%
Blended rate2.870%5.113%7.640%
1st payment$1,762.15$1,762.15$4,829.35
2nd payment$0.00$2,070.22$0.00
Taxes / mo$368.33$368.33$368.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$139.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,347.15$4,417.38$5,553.85
Cash to close$398,051$77,500$77,500