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$334,507$334,507$404,100
Remaining term (yrs)25.825.830.0
Secondary amount$0$69,593$0
Funding fee$1,673$1,673$0
Note rate5.520%5.520%7.400%
Blended rate5.520%6.119%7.640%
1st payment$2,024.52$2,024.52$2,797.91
2nd payment$0.00$521.95$0.00
Taxes / mo$71.92$71.92$71.92
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,246.43$2,768.38$3,100.64
Cash to close$114,493$44,900$44,900