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$1,025,106$1,025,106$1,885,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$860,394$0
Funding fee$5,126$5,126$0
Note rate5.540%5.540%7.400%
Blended rate5.540%6.548%7.640%
1st payment$6,216.57$6,216.57$13,054.82
2nd payment$0.00$5,556.71$0.00
Taxes / mo$570.50$570.50$570.50
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$377.10
HOA / mo$112.50$112.50$112.50
Total monthly$7,116.23$12,672.95$14,331.59
Cash to close$1,069,894$209,500$209,500