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$298,117$297,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,745.42$2,056.37
2nd payment$0.00$0.00
Taxes / mo$157.33$157.33
Insurance / mo$150.00$150.00
MI / mo$224.65$59.40
HOA / mo$96.00$96.00
Total monthly$2,373.40$2,519.10
Cash to close$31,883$33,000