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$411,025$411,025$418,500
Remaining term (yrs)27.927.930.0
Secondary amount$0$30,725$0
Funding fee$2,055$2,055$0
Note rate6.920%6.920%7.400%
Blended rate6.920%7.265%7.640%
1st payment$2,771.74$2,771.74$2,897.61
2nd payment$0.00$304.05$0.00
Taxes / mo$158.08$158.08$158.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$3,096.49$3,400.54$3,306.06
Cash to close$53,975$23,250$46,500