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$200,165$195,300
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$948.14$1,352.22
2nd payment$0.00$0.00
Taxes / mo$38.67$38.67
Insurance / mo$150.00$150.00
MI / mo$157.88$39.06
HOA / mo$175.00$175.00
Total monthly$1,469.69$1,754.94
Cash to close$16,835$21,700