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$222,355$222,355$581,310
Remaining term (yrs)18.818.830.0
Secondary amount$0$358,955$0
Funding fee$1,112$1,112$0
Note rate3.980%3.980%7.400%
Blended rate3.980%6.308%7.640%
1st payment$1,395.66$1,395.66$4,024.87
2nd payment$0.00$2,318.25$0.00
Taxes / mo$321.92$321.92$321.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$116.26
HOA / mo$59.67$59.67$59.67
Total monthly$1,943.92$4,262.17$4,689.39
Cash to close$423,545$64,590$64,590