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$583,088$583,088$868,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$285,412$0
Funding fee$2,915$2,915$0
Note rate2.970%2.970%7.400%
Blended rate2.970%4.541%7.640%
1st payment$2,787.52$2,787.52$6,013.32
2nd payment$0.00$1,843.28$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$173.70
HOA / mo$154.00$154.00$154.00
Total monthly$3,435.77$5,279.05$6,835.27
Cash to close$381,912$96,500$96,500