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$288,159$292,410
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$1,866.42$2,024.59
2nd payment$0.00$0.00
Taxes / mo$185.58$185.58
Insurance / mo$150.00$150.00
MI / mo$133.53$58.48
HOA / mo$55.00$55.00
Total monthly$2,390.53$2,473.65
Cash to close$36,741$32,490