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$391,725$391,725$396,000
Remaining term (yrs)28.328.330.0
Secondary amount$0$26,275$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.597%7.640%
1st payment$2,587.79$2,587.79$2,741.82
2nd payment$0.00$260.01$0.00
Taxes / mo$247.33$247.33$247.33
Insurance / mo$150.00$150.00$150.00
MI / mo$182.68$182.68$79.20
HOA / mo$69.00$69.00$69.00
Total monthly$3,236.80$3,496.81$3,287.36
Cash to close$48,275$22,000$44,000