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$484,012$484,012$630,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$145,988$0
Funding fee$2,420$2,420$0
Note rate2.870%2.870%7.400%
Blended rate2.870%4.059%7.640%
1st payment$2,257.51$2,257.51$4,361.99
2nd payment$0.00$973.25$0.00
Taxes / mo$249.17$249.17$249.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$111.00$111.00$111.00
Total monthly$2,784.34$3,757.59$5,014.83
Cash to close$215,988$70,000$70,000