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$420,149$350,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$2,101$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,974.77$2,429.63
2nd payment$0.00$0.00
Taxes / mo$159.75$159.75
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$125.00$125.00
Total monthly$2,409.52$2,934.56
Cash to close$0$38,990