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$487,614$487,614$589,499
Remaining term (yrs)29.629.630.0
Secondary amount$0$101,885$0
Funding fee$2,438$2,438$0
Note rate6.300%6.300%7.400%
Blended rate6.300%6.594%7.640%
1st payment$3,026.78$3,026.78$4,081.57
2nd payment$0.00$679.23$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$117.90
HOA / mo$65.00$65.00$65.00
Total monthly$3,465.19$4,144.43$4,637.89
Cash to close$167,385$65,500$65,500