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$446,122$446,122$450,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$28,878$0
Funding fee$2,231$2,231$0
Note rate3.110%3.110%7.400%
Blended rate3.110%3.643%7.640%
1st payment$2,113.43$2,113.43$3,115.71
2nd payment$0.00$285.77$0.00
Taxes / mo$235.08$235.08$235.08
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$90.00
HOA / mo$158.00$158.00$158.00
Total monthly$2,673.18$2,958.95$3,765.46
Cash to close$53,878$25,000$50,000