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$215,952$215,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.100%7.400%
Blended rate5.950%7.640%
1st payment$1,252.82$1,494.92
2nd payment$0.00$0.00
Taxes / mo$36.58$36.58
Insurance / mo$150.00$150.00
MI / mo$163.44$43.18
HOA / mo$0.00$0.00
Total monthly$1,602.84$1,724.68
Cash to close$23,948$23,990