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$257,439$242,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.400%
Blended rate6.850%7.640%
1st payment$1,610.57$1,681.86
2nd payment$0.00$0.00
Taxes / mo$36.25$36.25
Insurance / mo$150.00$150.00
MI / mo$119.26$48.58
HOA / mo$198.00$198.00
Total monthly$2,114.08$2,114.69
Cash to close$12,461$26,990