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$688,500
Remaining term (yrs)——30.0
Secondary amount$0$688,500$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate3.500%7.750%7.640%
1st payment$0.00$0.00$4,767.03
2nd payment$0.00$4,446.56$0.00
Taxes / mo$375.75$375.75$375.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$137.70
HOA / mo$0.00$0.00$0.00
Total monthly$592.42$5,038.98$5,497.15
Cash to close$765,000$76,500$76,500