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$414,328$414,328$746,100
Remaining term (yrs)24.424.430.0
Secondary amount$0$331,772$0
Funding fee$2,072$2,072$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.984%7.640%
1st payment$1,942.72$1,942.72$5,165.85
2nd payment$0.00$2,142.70$0.00
Taxes / mo$382.08$382.08$382.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$149.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,541.47$4,684.17$5,913.82
Cash to close$414,672$82,900$82,900