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$392,312$392,312$436,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$44,188$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.376%7.640%
1st payment$2,309.70$2,309.70$3,022.24
2nd payment$0.00$331.41$0.00
Taxes / mo$123.42$123.42$123.42
Insurance / mo$166.67$166.67$166.67
MI / mo$296.94$296.94$87.30
HOA / mo$48.33$48.33$48.33
Total monthly$2,945.06$3,276.47$3,447.95
Cash to close$92,688$48,500$48,500