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$334,534$334,534$342,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$26,466$0
Funding fee$0$0$0
Note rate6.340%6.340%7.400%
Blended rate6.890%7.255%7.640%
1st payment$2,166.65$2,166.65$2,367.94
2nd payment$0.00$261.90$0.00
Taxes / mo$89.00$89.00$89.00
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$68.40
HOA / mo$71.00$71.00$71.00
Total monthly$2,636.41$2,898.31$2,746.34
Cash to close$45,466$19,000$38,000