Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$380,825$354,870
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$2,223.19$2,457.05
2nd payment$0.00$0.00
Taxes / mo$120.58$120.58
Insurance / mo$150.00$150.00
MI / mo$290.04$70.97
HOA / mo$100.00$100.00
Total monthly$2,883.82$2,898.61
Cash to close$13,475$39,430