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$572,850$572,850$809,100
Remaining term (yrs)——30.0
Secondary amount$0$236,250$0
Funding fee$2,864$2,864$0
Note rate2.500%2.500%7.400%
Blended rate2.500%4.033%7.640%
1st payment$0.00$0.00$5,602.04
2nd payment$0.00$1,525.78$0.00
Taxes / mo$349.83$349.83$349.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.82
HOA / mo$0.00$0.00$0.00
Total monthly$566.50$2,092.28$6,330.36
Cash to close$326,150$89,900$89,900