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$485,178$485,178$652,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$167,322$0
Funding fee$2,426$2,426$0
Note rate2.770%2.770%7.400%
Blended rate2.770%4.111%7.640%
1st payment$2,243.15$2,243.15$4,517.78
2nd payment$0.00$1,115.48$0.00
Taxes / mo$333.67$333.67$333.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$130.50
HOA / mo$78.00$78.00$78.00
Total monthly$2,871.48$3,986.96$5,276.61
Cash to close$239,822$72,500$72,500