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$136,129$130,743
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.870%7.400%
Blended rate3.720%7.640%
1st payment$634.93$905.24
2nd payment$0.00$0.00
Taxes / mo$41.00$41.00
Insurance / mo$150.00$150.00
MI / mo$108.47$26.15
HOA / mo$0.00$0.00
Total monthly$934.40$1,122.39
Cash to close$9,141$14,527