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$216,026$216,026$324,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$107,974$0
Funding fee$1,080$1,080$0
Note rate3.070%3.070%7.400%
Blended rate3.070%4.713%7.640%
1st payment$1,063.47$1,063.47$2,243.31
2nd payment$0.00$719.83$0.00
Taxes / mo$129.25$129.25$129.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,342.72$2,062.55$2,587.36
Cash to close$143,974$36,000$36,000