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$438,175$427,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,792.79$2,959.92
2nd payment$0.00$0.00
Taxes / mo$16.25$16.25
Insurance / mo$166.67$166.67
MI / mo$202.51$85.50
HOA / mo$103.00$103.00
Total monthly$3,281.22$3,331.34
Cash to close$36,825$47,500