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$451,945$450,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,260$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,912.05$3,115.71
2nd payment$0.00$0.00
Taxes / mo$303.33$303.33
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$130.00$130.00
Total monthly$3,512.05$3,805.71
Cash to close$48,055$50,000