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$613,581$613,581$899,730
Remaining term (yrs)24.924.930.0
Secondary amount$0$286,149$0
Funding fee$3,068$3,068$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.354%7.640%
1st payment$2,836.80$2,836.80$6,229.55
2nd payment$0.00$1,848.05$0.00
Taxes / mo$329.33$329.33$329.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.95
HOA / mo$0.00$0.00$0.00
Total monthly$3,382.80$5,230.85$6,955.49
Cash to close$386,119$99,970$99,970