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$328,989$306,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.625%7.400%
Blended rate5.475%7.640%
1st payment$1,814.35$2,118.68
2nd payment$0.00$0.00
Taxes / mo$151.58$151.58
Insurance / mo$150.00$150.00
MI / mo$249.96$61.20
HOA / mo$60.67$60.67
Total monthly$2,426.56$2,542.14
Cash to close$11,011$34,000