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$329,501$329,501$358,200
Remaining term (yrs)27.927.930.0
Secondary amount$0$28,699$0
Funding fee$0$0$0
Note rate6.850%6.850%7.400%
Blended rate7.400%7.528%7.640%
1st payment$2,206.86$2,206.86$2,480.10
2nd payment$0.00$215.25$0.00
Taxes / mo$208.58$208.58$208.58
Insurance / mo$150.00$150.00$150.00
MI / mo$154.36$154.36$71.64
HOA / mo$82.00$82.00$82.00
Total monthly$2,801.81$3,017.05$2,992.33
Cash to close$68,499$39,800$39,800