Sophia Sommer

(602) 512-9825
The Sommer Group
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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$361,855$361,855$508,500
Remaining term (yrs)26.026.030.0
Secondary amount$0$146,645$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.260%7.640%
1st payment$2,311.62$2,311.62$3,520.75
2nd payment$0.00$977.63$0.00
Taxes / mo$200.67$200.67$200.67
Insurance / mo$166.67$166.67$166.67
MI / mo$269.91$269.91$101.70
HOA / mo$68.00$68.00$68.00
Total monthly$3,016.87$3,994.50$4,057.78
Cash to close$203,145$56,500$56,500