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$1,082,928$1,082,928$1,107,000
Remaining term (yrs)26.426.430.0
Secondary amount$0$85,572$0
Funding fee$5,415$5,415$0
Note rate5.700%5.700%7.400%
Blended rate5.700%6.152%7.640%
1st payment$6,608.23$6,608.23$7,664.64
2nd payment$0.00$846.80$0.00
Taxes / mo$606.50$606.50$606.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$221.40
HOA / mo$165.00$165.00$165.00
Total monthly$7,596.40$8,443.20$8,874.21
Cash to close$147,072$61,500$123,000