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$620,353$620,353$742,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$122,147$0
Funding fee$3,102$3,102$0
Note rate3.090%3.090%7.400%
Blended rate3.090%3.898%7.640%
1st payment$2,951.40$2,951.40$5,140.92
2nd payment$0.00$814.32$0.00
Taxes / mo$308.83$308.83$308.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,476.90$4,291.22$5,814.92
Cash to close$204,647$82,500$82,500