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$444,977$444,977$1,124,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$679,123$0
Funding fee$2,225$2,225$0
Note rate2.880%2.880%7.400%
Blended rate2.880%5.822%7.640%
1st payment$2,131.59$2,131.59$7,783.04
2nd payment$0.00$4,386.01$0.00
Taxes / mo$265.58$265.58$265.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.82
HOA / mo$25.00$25.00$25.00
Total monthly$2,638.84$7,024.84$8,515.11
Cash to close$804,023$124,900$124,900