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$396,313$396,000
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,877.26$2,741.82
2nd payment$0.00$0.00
Taxes / mo$240.17$240.17
Insurance / mo$150.00$150.00
MI / mo$312.59$79.20
HOA / mo$88.00$88.00
Total monthly$2,668.01$3,299.19
Cash to close$43,687$44,000