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$376,714$376,714$387,000
Remaining term (yrs)27.327.330.0
Secondary amount$0$31,786$0
Funding fee$0$0$0
Note rate6.820%6.820%7.400%
Blended rate7.370%7.721%7.640%
1st payment$2,533.63$2,533.63$2,679.51
2nd payment$0.00$314.55$0.00
Taxes / mo$131.08$131.08$131.08
Insurance / mo$150.00$150.00$150.00
MI / mo$177.76$177.76$77.40
HOA / mo$85.00$85.00$85.00
Total monthly$3,077.47$3,392.02$3,122.99
Cash to close$53,286$21,500$43,000