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$300,376$301,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$1,975.33$2,087.53
2nd payment$0.00$0.00
Taxes / mo$146.33$146.33
Insurance / mo$150.00$150.00
MI / mo$141.76$60.30
HOA / mo$84.00$84.00
Total monthly$2,497.43$2,528.16
Cash to close$34,624$33,500