Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$225,265$225,265$377,100
Remaining term (yrs)10.210.230.0
Secondary amount$0$151,835$0
Funding fee$0$0$0
Note rate6.530%6.530%7.400%
Blended rate7.380%7.630%7.640%
1st payment$2,502.72$2,502.72$2,610.96
2nd payment$0.00$1,012.24$0.00
Taxes / mo$58.67$58.67$58.67
Insurance / mo$150.00$150.00$150.00
MI / mo$279.60$279.60$75.42
HOA / mo$64.67$64.67$64.67
Total monthly$3,055.66$4,067.90$2,959.72
Cash to close$193,735$41,900$41,900