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$608,660$608,660$989,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$380,440$0
Funding fee$3,043$3,043$0
Note rate2.880%2.880%7.400%
Blended rate2.880%4.753%7.640%
1st payment$2,829.23$2,829.23$6,848.33
2nd payment$0.00$2,457.01$0.00
Taxes / mo$246.75$246.75$246.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$197.82
HOA / mo$175.00$175.00$175.00
Total monthly$3,467.65$5,924.65$7,684.57
Cash to close$490,340$109,900$109,900