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$332,732$332,732$359,999
Remaining term (yrs)26.326.330.0
Secondary amount$0$27,267$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.350%7.198%7.640%
1st payment$2,199.06$2,199.06$2,492.56
2nd payment$0.00$204.50$0.00
Taxes / mo$187.83$187.83$187.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.46$159.46$72.00
HOA / mo$108.00$108.00$108.00
Total monthly$2,804.35$3,008.86$3,010.39
Cash to close$67,267$40,000$40,000