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$232,044$232,044$396,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$163,956$0
Funding fee$1,160$1,160$0
Note rate3.170%3.170%7.400%
Blended rate3.170%5.170%7.640%
1st payment$1,130.95$1,130.95$2,741.82
2nd payment$0.00$1,093.04$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.20
HOA / mo$60.00$60.00$60.00
Total monthly$1,478.62$2,571.66$3,168.69
Cash to close$207,956$44,000$44,000