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
Current Market Conventional
New · Conventional
Loan amount$412,798$414,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,064$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,800.04$2,866.45
2nd payment$0.00$0.00
Taxes / mo$200.75$200.75
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$240.00$240.00
Total monthly$3,407.46$3,556.67
Cash to close$47,202$46,000