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$358,465$358,465$467,910
Remaining term (yrs)28.028.030.0
Secondary amount$0$109,445$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.272%7.640%
1st payment$2,316.90$2,316.90$3,239.71
2nd payment$0.00$729.64$0.00
Taxes / mo$123.17$123.17$123.17
Insurance / mo$166.67$166.67$166.67
MI / mo$168.01$168.01$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,774.73$3,504.37$3,623.13
Cash to close$161,435$51,990$51,990