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$289,292$289,292$386,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$97,618$0
Funding fee$1,446$1,446$0
Note rate3.020%3.020%7.400%
Blended rate3.020%4.529%7.640%
1st payment$1,377.95$1,377.95$2,678.89
2nd payment$0.00$732.13$0.00
Taxes / mo$137.00$137.00$137.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$77.38
HOA / mo$38.33$38.33$38.33
Total monthly$1,703.28$2,435.41$3,081.60
Cash to close$140,608$42,990$42,990