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$356,086$359,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$2,114.47$2,491.94
2nd payment$0.00$0.00
Taxes / mo$133.42$133.42
Insurance / mo$150.00$150.00
MI / mo$269.72$71.98
HOA / mo$100.00$100.00
Total monthly$2,767.60$2,947.34
Cash to close$43,814$39,990