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$583,667$583,667$819,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$235,333$0
Funding fee$2,918$2,918$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.379%7.640%
1st payment$2,805.41$2,805.41$5,670.59
2nd payment$0.00$1,519.86$0.00
Taxes / mo$277.58$277.58$277.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$163.80
HOA / mo$154.00$154.00$154.00
Total monthly$3,453.66$4,973.52$6,482.64
Cash to close$326,333$91,000$91,000