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$303,262$303,262$328,500
Remaining term (yrs)27.827.830.0
Secondary amount$0$25,238$0
Funding fee$0$0$0
Note rate7.220%7.220%7.400%
Blended rate7.770%7.864%7.640%
1st payment$2,107.08$2,107.08$2,274.47
2nd payment$0.00$189.28$0.00
Taxes / mo$229.25$229.25$229.25
Insurance / mo$150.00$150.00$150.00
MI / mo$141.99$141.99$65.70
HOA / mo$60.00$60.00$60.00
Total monthly$2,688.32$2,877.61$2,779.42
Cash to close$61,738$36,500$36,500