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$1,148,912$1,148,912$1,124,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$38,493$0
Funding fee$5,745$5,745$0
Note rate6.470%6.470%7.400%
Blended rate6.470%6.645%7.640%
1st payment$7,403.63$7,403.63$7,788.65
2nd payment$0.00$380.92$0.00
Taxes / mo$344.83$344.83$344.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$224.98
HOA / mo$0.00$0.00$0.00
Total monthly$7,965.13$8,346.05$8,575.13
Cash to close$100,988$62,495$124,990