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$280,229$283,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,422.47$1,962.90
2nd payment$0.00$0.00
Taxes / mo$83.92$83.92
Insurance / mo$150.00$150.00
MI / mo$217.30$56.70
HOA / mo$56.67$56.67
Total monthly$1,930.36$2,310.18
Cash to close$34,771$31,500