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$274,429$270,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.875%7.400%
Blended rate6.425%7.640%
1st payment$1,674.45$1,869.43
2nd payment$0.00$0.00
Taxes / mo$134.83$134.83
Insurance / mo$76.25$76.25
MI / mo$129.74$54.00
HOA / mo$142.00$142.00
Total monthly$2,157.27$2,276.51
Cash to close$25,571$30,000