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$323,305$323,305$342,000
Remaining term (yrs)27.827.830.0
Secondary amount$0$37,695$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.470%7.930%7.640%
1st payment$2,182.33$2,182.33$2,367.94
2nd payment$0.00$373.03$0.00
Taxes / mo$94.83$94.83$94.83
Insurance / mo$150.00$150.00$150.00
MI / mo$151.56$151.56$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,578.73$2,951.76$2,681.17
Cash to close$56,695$19,000$38,000