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$572,796$572,796$759,510
Remaining term (yrs)27.627.630.0
Secondary amount$0$186,714$0
Funding fee$2,864$2,864$0
Note rate6.990%6.990%7.400%
Blended rate6.990%7.238%7.640%
1st payment$3,900.35$3,900.35$5,258.69
2nd payment$0.00$1,244.76$0.00
Taxes / mo$284.17$284.17$284.17
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$151.90
HOA / mo$0.00$0.00$0.00
Total monthly$4,401.19$5,645.94$5,911.43
Cash to close$271,104$84,390$84,390