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$276,819$274,257
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.840%7.400%
Blended rate3.690%7.640%
1st payment$1,286.84$1,898.90
2nd payment$0.00$0.00
Taxes / mo$172.08$172.08
Insurance / mo$150.00$150.00
MI / mo$220.69$54.85
HOA / mo$86.00$86.00
Total monthly$1,915.62$2,361.83
Cash to close$27,911$30,473