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$98,899$98,899$1,170,000
Remaining term (yrs)9.89.830.0
Secondary amount$0$1,071,101$0
Funding fee$494$494$0
Note rate2.270%2.270%7.400%
Blended rate2.270%7.287%7.640%
1st payment$928.92$928.92$8,100.84
2nd payment$0.00$6,917.52$0.00
Taxes / mo$246.50$246.50$246.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$234.00
HOA / mo$318.33$318.33$318.33
Total monthly$1,710.42$8,627.94$9,116.34
Cash to close$1,201,101$130,000$130,000