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$299,901$305,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$1,959.44$2,112.45
2nd payment$0.00$0.00
Taxes / mo$128.25$128.25
Insurance / mo$150.00$150.00
MI / mo$143.13$61.02
HOA / mo$0.00$0.00
Total monthly$2,380.82$2,451.72
Cash to close$39,099$33,900