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$71,391$71,391$630,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$558,609$0
Funding fee$357$357$0
Note rate3.750%3.750%7.400%
Blended rate3.750%7.297%7.640%
1st payment$496.92$496.92$4,361.99
2nd payment$0.00$3,607.68$0.00
Taxes / mo$291.00$291.00$291.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$126.00
HOA / mo$213.33$213.33$213.33
Total monthly$1,167.92$4,775.60$5,158.99
Cash to close$628,609$70,000$70,000