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$168,109$180,000
Remaining term (yrs)23.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.720%7.400%
Blended rate4.570%7.640%
1st payment$897.05$1,246.28
2nd payment$0.00$0.00
Taxes / mo$94.92$94.92
Insurance / mo$150.00$150.00
MI / mo$137.71$36.00
HOA / mo$0.00$0.00
Total monthly$1,279.68$1,527.20
Cash to close$31,891$20,000