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$522,986$522,986$552,600
Remaining term (yrs)28.228.230.0
Secondary amount$0$29,614$0
Funding fee$2,615$2,615$0
Note rate6.840%6.840%7.400%
Blended rate6.840%6.956%7.640%
1st payment$3,485.70$3,485.70$3,826.09
2nd payment$0.00$222.10$0.00
Taxes / mo$296.42$296.42$296.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$110.52
HOA / mo$121.67$121.67$121.67
Total monthly$4,070.45$4,292.56$4,521.36
Cash to close$91,014$61,400$61,400