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$324,802$324,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$1,912.25$2,243.31
2nd payment$0.00$0.00
Taxes / mo$170.00$170.00
Insurance / mo$150.00$150.00
MI / mo$245.84$64.80
HOA / mo$92.00$92.00
Total monthly$2,570.09$2,720.11
Cash to close$35,198$36,000