Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$328,012$328,410
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,120.07$2,273.84
2nd payment$0.00$0.00
Taxes / mo$69.67$69.67
Insurance / mo$150.00$150.00
MI / mo$153.73$65.68
HOA / mo$0.00$0.00
Total monthly$2,493.47$2,559.19
Cash to close$36,888$36,490