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$430,081$430,081$584,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$154,829$0
Funding fee$2,150$2,150$0
Note rate2.990%2.990%7.400%
Blended rate2.990%4.316%7.640%
1st payment$2,089.51$2,089.51$4,049.80
2nd payment$0.00$1,032.19$0.00
Taxes / mo$415.08$415.08$415.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.98
HOA / mo$132.00$132.00$132.00
Total monthly$2,803.26$3,835.45$4,880.53
Cash to close$219,819$64,990$64,990