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$319,643$280,800
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.400%
Blended rate3.720%7.640%
1st payment$1,497.68$1,944.20
2nd payment$0.00$0.00
Taxes / mo$198.42$198.42
Insurance / mo$150.00$150.00
MI / mo$255.86$56.16
HOA / mo$74.67$74.67
Total monthly$2,176.62$2,423.45
Cash to close$0$31,200