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$393,269$392,849
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$2,380.16$2,720.01
2nd payment$0.00$0.00
Taxes / mo$213.75$213.75
Insurance / mo$150.00$150.00
MI / mo$296.28$78.57
HOA / mo$75.00$75.00
Total monthly$3,115.19$3,237.33
Cash to close$43,230$43,650