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$394,896$394,896$1,709,999
Remaining term (yrs)23.723.730.0
Secondary amount$0$1,315,103$0
Funding fee$1,974$1,974$0
Note rate3.240%3.240%7.400%
Blended rate3.240%6.708%7.640%
1st payment$1,983.58$1,983.58$11,839.69
2nd payment$0.00$8,493.37$0.00
Taxes / mo$337.67$337.67$337.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$342.00
HOA / mo$134.67$134.67$134.67
Total monthly$2,672.58$11,165.95$12,870.69
Cash to close$1,505,103$190,000$190,000