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$326,326$326,326$495,000
Remaining term (yrs)26.126.130.0
Secondary amount$0$168,674$0
Funding fee$0$0$0
Note rate6.920%6.920%7.400%
Blended rate7.770%7.848%7.640%
1st payment$2,249.48$2,249.48$3,427.28
2nd payment$0.00$1,124.49$0.00
Taxes / mo$153.00$153.00$153.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.44$241.44$99.00
HOA / mo$68.67$68.67$68.67
Total monthly$2,879.26$4,003.75$3,914.62
Cash to close$223,674$55,000$55,000