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$369,842$351,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.060%7.400%
Blended rate6.610%7.640%
1st payment$2,249.71$2,430.25
2nd payment$0.00$0.00
Taxes / mo$89.25$89.25
Insurance / mo$150.00$150.00
MI / mo$170.88$70.20
HOA / mo$29.33$29.33
Total monthly$2,689.17$2,769.03
Cash to close$20,158$39,000