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$301,781$301,781$377,996
Remaining term (yrs)29.129.130.0
Secondary amount$0$76,215$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.443%7.640%
1st payment$1,923.45$1,923.45$2,617.16
2nd payment$0.00$571.61$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$150.00$150.00$150.00
MI / mo$139.48$139.48$75.60
HOA / mo$73.00$73.00$73.00
Total monthly$2,446.10$3,017.71$3,075.93
Cash to close$118,214$42,000$42,000