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$412,398$412,398$1,597,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$1,185,102$0
Funding fee$2,062$2,062$0
Note rate3.000%3.000%7.400%
Blended rate3.000%6.524%7.640%
1st payment$2,015.27$2,015.27$11,060.77
2nd payment$0.00$7,653.78$0.00
Taxes / mo$527.67$527.67$527.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$319.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,759.60$10,413.38$12,124.60
Cash to close$1,362,602$177,500$177,500