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$326,743$326,743$382,410
Remaining term (yrs)26.426.430.0
Secondary amount$0$55,667$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.137%7.640%
1st payment$2,109.43$2,109.43$2,647.73
2nd payment$0.00$417.50$0.00
Taxes / mo$116.00$116.00$116.00
Insurance / mo$150.00$150.00$150.00
MI / mo$156.69$156.69$76.48
HOA / mo$88.00$88.00$88.00
Total monthly$2,620.12$3,037.63$3,078.21
Cash to close$98,157$42,490$42,490