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$304,363$304,363$319,500
Remaining term (yrs)27.027.030.0
Secondary amount$0$32,887$0
Funding fee$0$0$0
Note rate7.070%7.070%7.400%
Blended rate7.620%8.035%7.640%
1st payment$2,105.20$2,105.20$2,212.15
2nd payment$0.00$325.45$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$63.90
HOA / mo$68.00$68.00$68.00
Total monthly$2,589.13$2,914.57$2,615.97
Cash to close$50,637$17,750$35,500