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$205,035$205,035$432,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$226,965$0
Funding fee$1,025$1,025$0
Note rate2.900%2.900%7.400%
Blended rate2.900%5.448%7.640%
1st payment$957.33$957.33$2,991.08
2nd payment$0.00$1,465.82$0.00
Taxes / mo$88.92$88.92$88.92
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,212.91$2,678.73$3,333.06
Cash to close$274,965$48,000$48,000