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$218,180$218,180$399,600
Remaining term (yrs)23.723.730.0
Secondary amount$0$181,420$0
Funding fee$1,091$1,091$0
Note rate3.260%3.260%7.400%
Blended rate3.260%5.412%7.640%
1st payment$1,098.21$1,098.21$2,766.75
2nd payment$0.00$1,209.47$0.00
Taxes / mo$216.75$216.75$216.75
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$79.92
HOA / mo$38.00$38.00$38.00
Total monthly$1,502.96$2,712.43$3,251.42
Cash to close$225,820$44,400$44,400