Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$317,349$317,349$328,410
Remaining term (yrs)27.227.230.0
Secondary amount$0$29,306$0
Funding fee$0$0$0
Note rate7.440%7.440%7.400%
Blended rate7.990%8.318%7.640%
1st payment$2,265.96$2,265.96$2,273.84
2nd payment$0.00$290.01$0.00
Taxes / mo$44.33$44.33$44.33
Insurance / mo$150.00$150.00$150.00
MI / mo$149.41$149.41$65.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,609.71$2,899.71$2,533.86
Cash to close$47,551$18,245$36,490