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$304,643$304,643$375,300
Remaining term (yrs)26.526.530.0
Secondary amount$0$70,657$0
Funding fee$1,523$1,523$0
Note rate6.540%6.540%7.400%
Blended rate6.540%7.003%7.640%
1st payment$2,014.08$2,014.08$2,598.50
2nd payment$0.00$529.93$0.00
Taxes / mo$285.75$285.75$285.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.06
HOA / mo$145.00$145.00$145.00
Total monthly$2,594.83$3,124.75$3,254.31
Cash to close$112,357$41,700$41,700