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$430,258$430,258$1,125,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$694,742$0
Funding fee$2,151$2,151$0
Note rate3.300%3.300%7.400%
Blended rate3.300%6.048%7.640%
1st payment$2,184.81$2,184.81$7,789.27
2nd payment$0.00$4,486.87$0.00
Taxes / mo$349.67$349.67$349.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$225.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,751.15$7,238.02$8,580.61
Cash to close$819,742$125,000$125,000