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$109,257$109,257$558,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$448,743$0
Funding fee$546$546$0
Note rate3.550%3.550%7.400%
Blended rate3.550%6.928%7.640%
1st payment$743.82$743.82$3,863.48
2nd payment$0.00$2,898.13$0.00
Taxes / mo$163.17$163.17$163.17
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$111.60
HOA / mo$125.00$125.00$125.00
Total monthly$1,198.65$4,096.78$4,429.91
Cash to close$510,743$62,000$62,000