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$524,416$512,910
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.170%7.400%
Blended rate6.720%7.640%
1st payment$3,230.28$3,551.29
2nd payment$0.00$0.00
Taxes / mo$186.42$186.42
Insurance / mo$166.67$166.67
MI / mo$242.50$102.58
HOA / mo$104.00$104.00
Total monthly$3,929.87$4,110.95
Cash to close$45,484$56,990