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$493,846$485,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.400%
Blended rate6.850%7.640%
1st payment$3,065.46$3,364.34
2nd payment$0.00$0.00
Taxes / mo$183.50$183.50
Insurance / mo$166.67$166.67
MI / mo$226.99$97.18
HOA / mo$80.00$80.00
Total monthly$3,722.62$3,891.69
Cash to close$46,054$53,990