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$348,270$328,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.110%7.400%
Blended rate3.960%7.640%
1st payment$1,649.87$2,274.47
2nd payment$0.00$0.00
Taxes / mo$179.75$179.75
Insurance / mo$150.00$150.00
MI / mo$273.33$65.70
HOA / mo$142.00$142.00
Total monthly$2,394.95$2,811.92
Cash to close$16,730$36,500