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$394,734$382,500
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.350%7.400%
Blended rate5.200%7.640%
1st payment$2,152.67$2,648.35
2nd payment$0.00$0.00
Taxes / mo$239.33$239.33
Insurance / mo$150.00$150.00
MI / mo$306.30$76.50
HOA / mo$85.00$85.00
Total monthly$2,933.31$3,199.19
Cash to close$30,266$42,500