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$634,512$634,512$661,050
Remaining term (yrs)25.525.530.0
Secondary amount$0$26,538$0
Funding fee$3,173$3,173$0
Note rate4.000%4.000%7.400%
Blended rate4.000%4.201%7.640%
1st payment$3,298.62$3,298.62$4,576.98
2nd payment$0.00$199.03$0.00
Taxes / mo$169.00$169.00$169.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$132.21
HOA / mo$503.00$503.00$503.00
Total monthly$4,187.29$4,386.32$5,597.85
Cash to close$99,988$73,450$73,450