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$347,948$337,500
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$2,037.17$2,336.78
2nd payment$0.00$0.00
Taxes / mo$173.75$173.75
Insurance / mo$150.00$150.00
MI / mo$262.20$67.50
HOA / mo$81.00$81.00
Total monthly$2,704.12$2,809.03
Cash to close$27,052$37,500