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$307,952$265,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,461.89$1,838.27
2nd payment$0.00$0.00
Taxes / mo$107.83$107.83
Insurance / mo$150.00$150.00
MI / mo$243.43$53.10
HOA / mo$45.67$45.67
Total monthly$2,008.82$2,194.87
Cash to close$0$29,500