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$422,468$423,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$2,556.88$2,928.77
2nd payment$0.00$0.00
Taxes / mo$109.33$109.33
Insurance / mo$166.67$166.67
MI / mo$318.27$84.60
HOA / mo$0.00$0.00
Total monthly$3,151.15$3,289.37
Cash to close$47,532$47,000