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$527,944$527,944$674,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$146,156$0
Funding fee$2,640$2,640$0
Note rate2.960%2.960%7.400%
Blended rate2.960%4.053%7.640%
1st payment$2,503.91$2,503.91$4,667.33
2nd payment$0.00$974.37$0.00
Taxes / mo$229.08$229.08$229.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.82
HOA / mo$250.00$250.00$250.00
Total monthly$3,199.66$4,174.03$5,497.90
Cash to close$221,056$74,900$74,900