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$372,758$372,758$408,600
Remaining term (yrs)26.926.930.0
Secondary amount$0$35,842$0
Funding fee$0$0$0
Note rate6.810%6.810%7.400%
Blended rate7.360%7.504%7.640%
1st payment$2,517.89$2,517.89$2,829.06
2nd payment$0.00$268.82$0.00
Taxes / mo$226.92$226.92$226.92
Insurance / mo$166.67$166.67$166.67
MI / mo$176.84$176.84$81.72
HOA / mo$150.00$150.00$150.00
Total monthly$3,238.32$3,507.13$3,454.37
Cash to close$81,242$45,400$45,400