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$314,866$314,866$427,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$112,634$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.300%7.640%
1st payment$2,022.64$2,022.64$2,959.92
2nd payment$0.00$750.89$0.00
Taxes / mo$120.33$120.33$120.33
Insurance / mo$166.67$166.67$166.67
MI / mo$146.67$146.67$85.50
HOA / mo$106.00$106.00$106.00
Total monthly$2,562.30$3,313.20$3,438.42
Cash to close$160,134$47,500$47,500