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$396,263$396,263$400,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,487$0
Funding fee$1,981$1,981$0
Note rate3.690%3.690%7.400%
Blended rate3.690%4.203%7.640%
1st payment$2,000.24$2,000.24$2,772.98
2nd payment$0.00$262.11$0.00
Taxes / mo$277.92$277.92$277.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.10
HOA / mo$19.50$19.50$19.50
Total monthly$2,447.66$2,709.78$3,300.50
Cash to close$48,737$22,250$44,500