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$394,085$394,085$549,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$154,915$0
Funding fee$1,970$1,970$0
Note rate2.740%2.740%7.400%
Blended rate2.740%4.224%7.640%
1st payment$1,837.39$1,837.39$3,801.17
2nd payment$0.00$1,032.77$0.00
Taxes / mo$214.00$214.00$214.00
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,218.06$3,250.83$4,291.63
Cash to close$215,915$61,000$61,000