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$304,970$304,970$359,910
Remaining term (yrs)27.527.530.0
Secondary amount$0$54,940$0
Funding fee$0$0$0
Note rate7.170%7.170%7.400%
Blended rate7.720%7.915%7.640%
1st payment$2,116.87$2,116.87$2,491.94
2nd payment$0.00$412.05$0.00
Taxes / mo$129.50$129.50$129.50
Insurance / mo$150.00$150.00$150.00
MI / mo$143.36$143.36$71.98
HOA / mo$97.00$97.00$97.00
Total monthly$2,636.73$3,048.78$2,940.43
Cash to close$94,930$39,990$39,990