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$427,977$427,977$765,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$337,023$0
Funding fee$2,140$2,140$0
Note rate3.500%3.500%7.400%
Blended rate3.500%5.372%7.640%
1st payment$2,218.37$2,218.37$5,296.71
2nd payment$0.00$2,176.61$0.00
Taxes / mo$308.75$308.75$308.75
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$153.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,743.78$4,920.39$5,975.12
Cash to close$422,023$85,000$85,000