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$838,915$838,915$1,062,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$223,085$0
Funding fee$4,195$4,195$0
Note rate6.950%6.950%7.400%
Blended rate6.950%7.118%7.640%
1st payment$5,713.27$5,713.27$7,353.07
2nd payment$0.00$1,440.76$0.00
Taxes / mo$377.17$377.17$377.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$212.40
HOA / mo$140.00$140.00$140.00
Total monthly$6,447.11$7,887.87$8,299.31
Cash to close$341,085$118,000$118,000