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$226,748$231,300
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$1,498.59$1,601.47
2nd payment$0.00$0.00
Taxes / mo$116.00$116.00
Insurance / mo$150.00$150.00
MI / mo$107.10$46.26
HOA / mo$0.00$0.00
Total monthly$1,871.69$1,913.73
Cash to close$30,252$25,700