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$540,670$540,670$571,500
Remaining term (yrs)29.529.530.0
Secondary amount$0$30,830$0
Funding fee$2,703$2,703$0
Note rate6.500%6.500%7.400%
Blended rate6.500%6.635%7.640%
1st payment$3,433.09$3,433.09$3,956.95
2nd payment$0.00$231.22$0.00
Taxes / mo$167.17$167.17$167.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$114.30
HOA / mo$195.00$195.00$195.00
Total monthly$3,961.92$4,193.15$4,600.08
Cash to close$94,330$63,500$63,500