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$441,194$441,194$621,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$179,806$0
Funding fee$2,206$2,206$0
Note rate3.100%3.100%7.400%
Blended rate3.100%4.519%7.640%
1st payment$2,096.79$2,096.79$4,299.68
2nd payment$0.00$1,198.71$0.00
Taxes / mo$175.42$175.42$175.42
Insurance / mo$166.67$166.67$166.67
MI / mo$0.00$0.00$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,438.87$3,637.58$4,765.96
Cash to close$248,806$69,000$69,000