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$288,708$288,708$472,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$183,792$0
Funding fee$1,444$1,444$0
Note rate6.650%6.650%7.400%
Blended rate6.650%7.175%7.640%
1st payment$1,880.96$1,880.96$3,271.49
2nd payment$0.00$1,225.28$0.00
Taxes / mo$177.25$177.25$177.25
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$94.50
HOA / mo$102.00$102.00$102.00
Total monthly$2,326.87$3,552.15$3,811.91
Cash to close$236,292$52,500$52,500