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$119,025$119,025$175,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$56,475$0
Funding fee$595$595$0
Note rate3.080%3.080%7.400%
Blended rate3.080%4.985%7.640%
1st payment$573.22$573.22$1,215.13
2nd payment$0.00$423.56$0.00
Taxes / mo$65.58$65.58$65.58
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$35.10
HOA / mo$0.00$0.00$0.00
Total monthly$788.80$1,212.36$1,465.81
Cash to close$75,975$19,500$19,500