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$388,014$388,014$589,500
Remaining term (yrs)29.029.030.0
Secondary amount$0$201,486$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.289%7.640%
1st payment$2,477.83$2,477.83$4,081.58
2nd payment$0.00$1,301.26$0.00
Taxes / mo$294.33$294.33$294.33
Insurance / mo$166.67$166.67$166.67
MI / mo$179.68$179.68$117.90
HOA / mo$25.50$25.50$25.50
Total monthly$3,144.01$4,445.27$4,685.98
Cash to close$266,986$65,500$65,500