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$396,344$375,210
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.000%7.400%
Blended rate6.550%7.640%
1st payment$2,398.20$2,597.88
2nd payment$0.00$0.00
Taxes / mo$290.92$290.92
Insurance / mo$150.00$150.00
MI / mo$183.33$75.04
HOA / mo$0.00$0.00
Total monthly$3,022.45$3,113.84
Cash to close$20,556$41,690