Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$335,960$315,000
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,591.37$2,181.00
2nd payment$0.00$0.00
Taxes / mo$170.92$170.92
Insurance / mo$150.00$150.00
MI / mo$264.99$63.00
HOA / mo$0.00$0.00
Total monthly$2,177.28$2,564.91
Cash to close$14,040$35,000