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$214,815$222,615
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$1,334.70$1,541.34
2nd payment$0.00$0.00
Taxes / mo$92.67$92.67
Insurance / mo$150.00$150.00
MI / mo$100.73$44.52
HOA / mo$370.00$370.00
Total monthly$2,048.10$2,198.53
Cash to close$32,535$24,735