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$456,857$448,200
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$2,820.40$3,103.25
2nd payment$0.00$0.00
Taxes / mo$14.92$14.92
Insurance / mo$166.67$166.67
MI / mo$210.61$89.64
HOA / mo$0.00$0.00
Total monthly$3,212.60$3,374.47
Cash to close$41,143$49,800