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$341,555$319,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,679.76$2,212.15
2nd payment$0.00$0.00
Taxes / mo$156.67$156.67
Insurance / mo$150.00$150.00
MI / mo$266.62$63.90
HOA / mo$92.00$92.00
Total monthly$2,345.05$2,674.72
Cash to close$13,445$35,500