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$369,332$369,332$405,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$35,668$0
Funding fee$1,847$1,847$0
Note rate7.030%7.030%7.400%
Blended rate7.030%7.203%7.640%
1st payment$2,519.73$2,519.73$2,804.14
2nd payment$0.00$267.51$0.00
Taxes / mo$135.50$135.50$135.50
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,805.23$3,072.74$3,170.64
Cash to close$80,668$45,000$45,000