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$276,796$283,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$1,620.59$1,962.90
2nd payment$0.00$0.00
Taxes / mo$48.83$48.83
Insurance / mo$150.00$150.00
MI / mo$208.58$56.70
HOA / mo$245.00$245.00
Total monthly$2,273.00$2,463.43
Cash to close$38,204$31,500