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$733,786$733,786$1,012,500
Remaining term (yrs)28.628.630.0
Secondary amount$0$278,714$0
Funding fee$3,669$3,669$0
Note rate6.760%6.760%7.400%
Blended rate6.760%7.033%7.640%
1st payment$4,828.96$4,828.96$7,010.35
2nd payment$0.00$1,800.03$0.00
Taxes / mo$346.00$346.00$346.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$202.50
HOA / mo$135.00$135.00$135.00
Total monthly$5,526.62$7,326.65$7,910.51
Cash to close$391,214$112,500$112,500