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$300,972$261,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.840%7.400%
Blended rate3.690%7.640%
1st payment$1,399.12$1,807.11
2nd payment$0.00$0.00
Taxes / mo$131.75$131.75
Insurance / mo$150.00$150.00
MI / mo$239.95$52.20
HOA / mo$120.00$120.00
Total monthly$2,040.82$2,261.06
Cash to close$0$29,000