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$407,317$407,317$805,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$398,183$0
Funding fee$2,037$2,037$0
Note rate2.740%2.740%7.400%
Blended rate2.740%5.217%7.640%
1st payment$1,899.09$1,899.09$5,577.12
2nd payment$0.00$2,571.60$0.00
Taxes / mo$408.25$408.25$408.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.10
HOA / mo$146.00$146.00$146.00
Total monthly$2,670.01$5,241.60$6,509.14
Cash to close$487,683$89,500$89,500