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$315,402$315,402$350,999
Remaining term (yrs)27.027.030.0
Secondary amount$0$35,598$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%7.760%7.640%
1st payment$2,181.55$2,181.55$2,430.25
2nd payment$0.00$266.98$0.00
Taxes / mo$90.00$90.00$90.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,570.79$2,837.77$2,740.45
Cash to close$74,597$39,000$39,000