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$297,465$292,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,893.92$2,025.21
2nd payment$0.00$0.00
Taxes / mo$35.67$35.67
Insurance / mo$150.00$150.00
MI / mo$139.50$58.50
HOA / mo$0.00$0.00
Total monthly$2,219.10$2,269.38
Cash to close$27,535$32,500