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$439,240$439,240$656,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$217,670$0
Funding fee$2,196$2,196$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.400%7.640%
1st payment$2,052.81$2,052.81$4,548.31
2nd payment$0.00$1,405.78$0.00
Taxes / mo$313.08$313.08$313.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$131.38
HOA / mo$28.33$28.33$28.33
Total monthly$2,610.89$4,016.68$5,237.77
Cash to close$290,660$72,990$72,990