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$550,336$550,336$580,500
Remaining term (yrs)26.926.930.0
Secondary amount$0$30,164$0
Funding fee$2,752$2,752$0
Note rate6.710%6.710%7.400%
Blended rate6.710%6.829%7.640%
1st payment$3,681.87$3,681.87$4,019.26
2nd payment$0.00$226.23$0.00
Taxes / mo$438.17$438.17$438.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.10
HOA / mo$0.00$0.00$0.00
Total monthly$4,286.70$4,512.93$4,740.20
Cash to close$94,664$64,500$64,500