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$238,576$211,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,173.31$1,464.38
2nd payment$0.00$0.00
Taxes / mo$150.58$150.58
Insurance / mo$150.00$150.00
MI / mo$186.24$42.30
HOA / mo$123.00$123.00
Total monthly$1,783.13$1,930.27
Cash to close$0$23,500