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$288,458$288,458$494,999
Remaining term (yrs)28.528.530.0
Secondary amount$0$206,541$0
Funding fee$0$0$0
Note rate6.640%6.640%7.400%
Blended rate7.190%7.424%7.640%
1st payment$1,879.27$1,879.27$3,427.27
2nd payment$0.00$1,333.91$0.00
Taxes / mo$205.67$205.67$205.67
Insurance / mo$166.67$166.67$166.67
MI / mo$134.31$134.31$99.00
HOA / mo$95.00$95.00$95.00
Total monthly$2,480.92$3,814.83$3,993.61
Cash to close$261,541$55,000$55,000