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$614,083$614,083$1,255,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$641,417$0
Funding fee$3,070$3,070$0
Note rate2.790%2.790%7.400%
Blended rate2.790%5.324%7.640%
1st payment$2,885.62$2,885.62$8,692.83
2nd payment$0.00$4,142.49$0.00
Taxes / mo$419.92$419.92$419.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$251.10
HOA / mo$541.67$541.67$541.67
Total monthly$4,063.88$8,206.36$10,122.18
Cash to close$780,917$139,500$139,500