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$332,350$314,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.500%7.400%
Blended rate5.050%7.640%
1st payment$1,736.30$2,180.99
2nd payment$0.00$0.00
Taxes / mo$231.33$231.33
Insurance / mo$150.00$150.00
MI / mo$157.06$63.00
HOA / mo$68.00$68.00
Total monthly$2,342.69$2,693.32
Cash to close$17,649$35,000