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$374,207$377,999
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,438.33$2,617.19
2nd payment$0.00$0.00
Taxes / mo$131.50$131.50
Insurance / mo$150.00$150.00
MI / mo$178.85$75.60
HOA / mo$98.00$98.00
Total monthly$2,996.68$3,072.29
Cash to close$45,792$42,000