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$503,530$503,530$832,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$328,970$0
Funding fee$2,518$2,518$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.401%7.640%
1st payment$3,047.48$3,047.48$5,764.06
2nd payment$0.00$2,124.60$0.00
Taxes / mo$314.08$314.08$314.08
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$166.50
HOA / mo$146.00$146.00$146.00
Total monthly$3,724.23$5,848.83$6,607.31
Cash to close$421,470$92,500$92,500