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$306,607$247,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.400%
Blended rate3.750%7.640%
1st payment$1,428.37$1,713.64
2nd payment$0.00$0.00
Taxes / mo$146.58$146.58
Insurance / mo$150.00$150.00
MI / mo$243.08$49.50
HOA / mo$62.00$62.00
Total monthly$2,030.03$2,121.72
Cash to close$0$27,500