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$581,986$581,986$611,999
Remaining term (yrs)29.029.030.0
Secondary amount$0$30,013$0
Funding fee$2,910$2,910$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.623%7.640%
1st payment$3,712.94$3,712.94$4,237.36
2nd payment$0.00$225.10$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$122.40
HOA / mo$0.00$0.00$0.00
Total monthly$4,169.19$4,394.29$4,816.01
Cash to close$98,013$68,000$68,000