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$360,148$359,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,152.69$2,491.94
2nd payment$0.00$0.00
Taxes / mo$112.67$112.67
Insurance / mo$150.00$150.00
MI / mo$271.25$71.98
HOA / mo$0.00$0.00
Total monthly$2,686.61$2,826.59
Cash to close$39,752$39,990