Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$333,681$333,681$341,910
Remaining term (yrs)27.027.030.0
Secondary amount$0$27,224$0
Funding fee$0$0$0
Note rate7.180%7.180%7.400%
Blended rate7.730%8.043%7.640%
1st payment$2,329.73$2,329.73$2,367.32
2nd payment$0.00$269.41$0.00
Taxes / mo$112.92$112.92$112.92
Insurance / mo$150.00$150.00$150.00
MI / mo$157.62$157.62$68.38
HOA / mo$90.00$90.00$90.00
Total monthly$2,840.26$3,109.67$2,788.61
Cash to close$46,219$18,995$37,990