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$1,111,775$1,111,775$2,065,500
Remaining term (yrs)28.228.230.0
Secondary amount$0$953,725$0
Funding fee$5,559$5,559$0
Note rate6.840%6.840%7.400%
Blended rate6.840%7.260%7.640%
1st payment$7,409.98$7,409.98$14,301.10
2nd payment$0.00$6,159.47$0.00
Taxes / mo$600.58$600.58$600.58
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$413.10
HOA / mo$44.92$44.92$44.92
Total monthly$8,272.15$14,431.62$15,576.37
Cash to close$1,183,225$229,500$229,500