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$916,744$916,744$895,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$28,506$0
Funding fee$4,584$4,584$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.662%7.640%
1st payment$5,888.98$5,888.98$6,200.26
2nd payment$0.00$282.09$0.00
Taxes / mo$362.42$362.42$362.42
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$179.10
HOA / mo$200.00$200.00$200.00
Total monthly$6,668.06$6,950.15$7,158.44
Cash to close$78,256$49,750$99,500