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$0$0$616,500
Remaining term (yrs)——30.0
Secondary amount$0$616,500$0
Funding fee$0$0$0
Note rate2.750%2.750%7.400%
Blended rate2.750%7.750%7.640%
1st payment$0.00$0.00$4,268.52
2nd payment$0.00$3,981.56$0.00
Taxes / mo$250.08$250.08$250.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$123.30
HOA / mo$297.33$297.33$297.33
Total monthly$714.08$4,695.64$5,105.90
Cash to close$685,000$68,500$68,500