Sophia Sommer

(602) 512-9825
The Sommer Group
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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$394,813$394,813$405,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,687$0
Funding fee$1,974$1,974$0
Note rate3.450%3.450%7.400%
Blended rate3.450%4.094%7.640%
1st payment$1,941.68$1,941.68$2,804.14
2nd payment$0.00$323.47$0.00
Taxes / mo$258.08$258.08$258.08
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$19.50$19.50$19.50
Total monthly$2,369.27$2,692.73$3,312.72
Cash to close$55,187$22,500$45,000