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$381,594$381,594$394,200
Remaining term (yrs)27.027.030.0
Secondary amount$0$34,506$0
Funding fee$0$0$0
Note rate4.850%4.850%7.400%
Blended rate5.400%5.937%7.640%
1st payment$2,108.36$2,108.36$2,729.36
2nd payment$0.00$341.47$0.00
Taxes / mo$109.17$109.17$109.17
Insurance / mo$150.00$150.00$150.00
MI / mo$183.12$183.12$78.84
HOA / mo$99.00$99.00$99.00
Total monthly$2,649.65$2,991.11$3,166.37
Cash to close$56,406$21,900$43,800