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$394,262$385,200
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,266.57$2,667.05
2nd payment$0.00$0.00
Taxes / mo$196.42$196.42
Insurance / mo$150.00$150.00
MI / mo$299.75$77.04
HOA / mo$81.00$81.00
Total monthly$2,993.74$3,171.50
Cash to close$33,738$42,800