Sophia Sommer

(602) 512-9825
The Sommer Group
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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$368,235$368,235$450,000
Remaining term (yrs)28.428.430.0
Secondary amount$0$81,765$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.527%7.640%
1st payment$2,403.77$2,403.77$3,115.71
2nd payment$0.00$613.24$0.00
Taxes / mo$194.00$194.00$194.00
Insurance / mo$166.67$166.67$166.67
MI / mo$171.62$171.62$90.00
HOA / mo$96.00$96.00$96.00
Total monthly$3,032.06$3,645.29$3,662.38
Cash to close$131,765$50,000$50,000