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$370,646$370,646$386,550
Remaining term (yrs)28.528.530.0
Secondary amount$0$37,379$0
Funding fee$0$0$0
Note rate6.500%6.500%7.400%
Blended rate7.050%7.492%7.640%
1st payment$2,380.96$2,380.96$2,676.39
2nd payment$0.00$369.90$0.00
Taxes / mo$108.75$108.75$108.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.65$172.65$77.31
HOA / mo$48.33$48.33$48.33
Total monthly$2,860.69$3,230.58$3,060.78
Cash to close$58,854$21,475$42,950