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$375,209$375,209$427,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$52,291$0
Funding fee$0$0$0
Note rate5.730%5.730%7.400%
Blended rate6.280%6.613%7.640%
1st payment$2,215.92$2,215.92$2,959.92
2nd payment$0.00$392.18$0.00
Taxes / mo$111.75$111.75$111.75
Insurance / mo$166.67$166.67$166.67
MI / mo$174.42$174.42$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,668.76$3,060.94$3,323.84
Cash to close$99,791$47,500$47,500