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$176,843$179,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$1,171.70$1,245.66
2nd payment$0.00$0.00
Taxes / mo$41.82$41.82
Insurance / mo$150.00$150.00
MI / mo$82.54$35.98
HOA / mo$150.00$150.00
Total monthly$1,596.06$1,623.46
Cash to close$23,057$19,990