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$181,626$189,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$1,224.79$1,308.60
2nd payment$0.00$0.00
Taxes / mo$82.75$82.75
Insurance / mo$150.00$150.00
MI / mo$85.06$37.80
HOA / mo$0.00$0.00
Total monthly$1,542.61$1,579.15
Cash to close$28,374$21,000