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$1,317,077$1,317,077$2,002,500
Remaining term (yrs)29.429.430.0
Secondary amount$0$685,423$0
Funding fee$6,585$6,585$0
Note rate6.060%6.060%7.400%
Blended rate6.060%6.638%7.640%
1st payment$7,995.23$7,995.23$13,864.91
2nd payment$0.00$4,426.69$0.00
Taxes / mo$311.92$311.92$311.92
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$400.50
HOA / mo$0.00$0.00$0.00
Total monthly$8,523.81$12,950.50$14,793.99
Cash to close$907,923$222,500$222,500