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$398,337$398,337$426,600
Remaining term (yrs)28.328.330.0
Secondary amount$0$28,263$0
Funding fee$0$0$0
Note rate6.930%6.930%7.400%
Blended rate7.480%7.581%7.640%
1st payment$2,675.97$2,675.97$2,953.69
2nd payment$0.00$211.97$0.00
Taxes / mo$140.33$140.33$140.33
Insurance / mo$166.67$166.67$166.67
MI / mo$185.66$185.66$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$3,168.63$3,380.60$3,346.01
Cash to close$75,663$47,400$47,400