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$455,718$449,910
Remaining term (yrs)36.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.800%7.400%
Blended rate6.350%7.640%
1st payment$2,500.92$3,115.09
2nd payment$0.00$0.00
Taxes / mo$178.17$178.17
Insurance / mo$166.67$166.67
MI / mo$213.72$89.98
HOA / mo$137.00$137.00
Total monthly$3,196.47$3,686.90
Cash to close$44,182$49,990