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$227,904$233,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$1,451.03$1,619.55
2nd payment$0.00$0.00
Taxes / mo$85.00$85.00
Insurance / mo$150.00$150.00
MI / mo$106.88$46.78
HOA / mo$0.00$0.00
Total monthly$1,792.92$1,901.33
Cash to close$31,996$25,990