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$346,813$346,813$431,100
Remaining term (yrs)26.726.730.0
Secondary amount$0$84,287$0
Funding fee$0$0$0
Note rate6.430%6.430%7.400%
Blended rate6.980%7.375%7.640%
1st payment$2,263.31$2,263.31$2,984.85
2nd payment$0.00$632.15$0.00
Taxes / mo$125.00$125.00$125.00
Insurance / mo$166.67$166.67$166.67
MI / mo$165.32$165.32$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,720.30$3,352.45$3,362.74
Cash to close$132,187$47,900$47,900