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$382,204$368,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.500%7.400%
Blended rate3.050%7.640%
1st payment$1,582.85$2,548.65
2nd payment$0.00$0.00
Taxes / mo$214.75$214.75
Insurance / mo$150.00$150.00
MI / mo$183.61$73.62
HOA / mo$115.00$115.00
Total monthly$2,246.21$3,102.02
Cash to close$26,796$40,900