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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$303,036$303,036$312,750
Remaining term (yrs)26.026.030.0
Secondary amount$0$27,089$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.363%7.640%
1st payment$1,935.87$1,935.87$2,165.42
2nd payment$0.00$268.07$0.00
Taxes / mo$105.75$105.75$105.75
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$62.55
HOA / mo$105.00$105.00$105.00
Total monthly$2,522.66$2,790.73$2,588.72
Cash to close$44,464$17,375$34,750