Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$219,745$225,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,115.45$1,557.85
2nd payment$0.00$0.00
Taxes / mo$43.83$43.83
Insurance / mo$150.00$150.00
MI / mo$170.40$45.00
HOA / mo$137.00$137.00
Total monthly$1,616.68$1,933.69
Cash to close$30,255$25,000