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$600,157$600,157$809,910
Remaining term (yrs)28.428.430.0
Secondary amount$0$209,753$0
Funding fee$3,001$3,001$0
Note rate7.040%7.040%7.400%
Blended rate7.040%7.224%7.640%
1st payment$4,071.67$4,071.67$5,607.65
2nd payment$0.00$1,354.65$0.00
Taxes / mo$285.00$285.00$285.00
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$161.98
HOA / mo$230.00$230.00$230.00
Total monthly$4,803.33$6,157.99$6,501.30
Cash to close$299,743$89,990$89,990