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$374,152$342,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.720%7.400%
Blended rate5.570%7.640%
1st payment$2,097.79$2,367.94
2nd payment$0.00$0.00
Taxes / mo$270.75$270.75
Insurance / mo$150.00$150.00
MI / mo$285.84$68.40
HOA / mo$108.00$108.00
Total monthly$2,912.39$2,965.09
Cash to close$5,848$38,000