Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$1,315,906$1,315,906$2,610,000
Remaining term (yrs)26.826.830.0
Secondary amount$0$1,294,094$0
Funding fee$6,580$6,580$0
Note rate6.470%6.470%7.400%
Blended rate6.470%7.105%7.640%
1st payment$8,611.16$8,611.16$18,071.11
2nd payment$0.00$8,357.69$0.00
Taxes / mo$1,019.42$1,019.42$1,019.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$522.00
HOA / mo$264.00$264.00$264.00
Total monthly$10,111.24$18,468.93$20,093.20
Cash to close$1,584,094$290,000$290,000