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$469,750$459,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$3,026.01$3,178.02
2nd payment$0.00$0.00
Taxes / mo$162.33$162.33
Insurance / mo$166.67$166.67
MI / mo$225.02$91.80
HOA / mo$80.00$80.00
Total monthly$3,660.03$3,678.82
Cash to close$40,250$51,000