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$208,762$208,762$1,214,910
Remaining term (yrs)15.515.530.0
Secondary amount$0$1,006,148$0
Funding fee$1,044$1,044$0
Note rate3.900%3.900%7.400%
Blended rate3.900%7.088%7.640%
1st payment$1,485.75$1,485.75$8,411.79
2nd payment$0.00$6,498.04$0.00
Taxes / mo$377.58$377.58$377.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$242.98
HOA / mo$30.00$30.00$30.00
Total monthly$2,110.00$8,608.04$9,279.02
Cash to close$1,141,138$134,990$134,990