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$500,971$492,750
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,505$0
Note rate6.125%7.400%
Blended rate6.125%7.640%
1st payment$3,093.95$3,411.70
2nd payment$0.00$0.00
Taxes / mo$140.83$140.83
Insurance / mo$166.67$166.67
MI / mo$0.00$98.55
HOA / mo$158.00$158.00
Total monthly$3,559.45$3,975.75
Cash to close$46,529$54,750