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$247,375$226,800
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$1,419.87$1,570.32
2nd payment$0.00$0.00
Taxes / mo$123.33$123.33
Insurance / mo$150.00$150.00
MI / mo$187.78$45.36
HOA / mo$0.00$0.00
Total monthly$1,880.98$1,889.01
Cash to close$4,625$25,200