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$360,179$360,179$472,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$112,321$0
Funding fee$1,801$1,801$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.265%7.640%
1st payment$1,708.07$1,708.07$3,271.49
2nd payment$0.00$748.81$0.00
Taxes / mo$139.83$139.83$139.83
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$56.67$56.67$56.67
Total monthly$2,071.24$2,820.04$3,729.16
Cash to close$164,821$52,500$52,500