Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$419,593$404,999
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$2,464.07$2,804.13
2nd payment$0.00$0.00
Taxes / mo$249.00$249.00
Insurance / mo$150.00$150.00
MI / mo$317.14$81.00
HOA / mo$95.00$95.00
Total monthly$3,275.21$3,379.13
Cash to close$30,406$45,000