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 · FHA
Current Market Conventional
New · Conventional
Loan amount$327,119$324,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,114.30$2,243.31
2nd payment$0.00$0.00
Taxes / mo$60.58$60.58
Insurance / mo$150.00$150.00
MI / mo$153.31$64.80
HOA / mo$70.00$70.00
Total monthly$2,548.20$2,588.69
Cash to close$32,881$36,000