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$365,714$365,714$436,500
Remaining term (yrs)26.326.330.0
Secondary amount$0$70,786$0
Funding fee$0$0$0
Note rate6.360%6.360%7.400%
Blended rate7.210%7.500%7.640%
1st payment$2,384.65$2,384.65$3,022.24
2nd payment$0.00$530.90$0.00
Taxes / mo$144.17$144.17$144.17
Insurance / mo$166.67$166.67$166.67
MI / mo$271.18$271.18$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,966.66$3,497.56$3,420.37
Cash to close$119,286$48,500$48,500