Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

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$389,437$389,437$395,910
Remaining term (yrs)26.426.430.0
Secondary amount$0$28,468$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.164%7.640%
1st payment$2,514.18$2,514.18$2,741.20
2nd payment$0.00$281.71$0.00
Taxes / mo$227.25$227.25$227.25
Insurance / mo$150.00$150.00$150.00
MI / mo$186.76$186.76$79.18
HOA / mo$85.00$85.00$85.00
Total monthly$3,163.19$3,444.90$3,282.63
Cash to close$50,463$21,995$43,990