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$309,196$309,196$359,999
Remaining term (yrs)26.026.030.0
Secondary amount$0$50,803$0
Funding fee$0$0$0
Note rate6.110%6.110%7.400%
Blended rate6.960%7.248%7.640%
1st payment$1,975.22$1,975.22$2,492.56
2nd payment$0.00$381.02$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$150.00$150.00$150.00
MI / mo$230.63$230.63$72.00
HOA / mo$70.00$70.00$70.00
Total monthly$2,533.11$2,914.13$2,891.81
Cash to close$90,803$40,000$40,000