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$878,524$878,524$1,057,410
Remaining term (yrs)25.325.330.0
Secondary amount$0$178,886$0
Funding fee$4,393$4,393$0
Note rate3.120%3.120%7.400%
Blended rate3.120%3.946%7.640%
1st payment$4,175.43$4,175.43$7,321.29
2nd payment$0.00$1,192.58$0.00
Taxes / mo$440.00$440.00$440.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$211.48
HOA / mo$0.00$0.00$0.00
Total monthly$4,832.09$6,024.67$8,189.44
Cash to close$296,376$117,490$117,490