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$210,000$220,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$583.33$1,526.70
2nd payment$0.00$0.00
Taxes / mo$51.67$51.67
Insurance / mo$150.00$150.00
MI / mo$96.25$44.10
HOA / mo$213.00$213.00
Total monthly$1,094.25$1,985.46
Cash to close$35,000$24,500