Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$292,338$297,000
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.220%7.400%
Blended rate4.070%7.640%
1st payment$1,404.83$2,056.37
2nd payment$0.00$0.00
Taxes / mo$27.75$27.75
Insurance / mo$150.00$150.00
MI / mo$229.52$59.40
HOA / mo$0.00$0.00
Total monthly$1,812.10$2,293.52
Cash to close$37,662$33,000