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$236,438$242,100
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.010%7.400%
Blended rate3.860%7.640%
1st payment$1,115.00$1,676.25
2nd payment$0.00$0.00
Taxes / mo$84.17$84.17
Insurance / mo$150.00$150.00
MI / mo$187.09$48.42
HOA / mo$25.00$25.00
Total monthly$1,561.25$1,983.84
Cash to close$32,562$26,900