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$405,148$405,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,026$0
Note rate2.860%7.400%
Blended rate2.860%7.640%
1st payment$1,883.30$2,804.14
2nd payment$0.00$0.00
Taxes / mo$135.08$135.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$60.00$60.00
Total monthly$2,228.39$3,230.22
Cash to close$44,852$45,000