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$310,812$310,812$360,000
Remaining term (yrs)26.626.630.0
Secondary amount$0$49,188$0
Funding fee$0$0$0
Note rate6.270%6.270%7.400%
Blended rate6.820%7.118%7.640%
1st payment$1,999.28$1,999.28$2,492.57
2nd payment$0.00$368.91$0.00
Taxes / mo$75.42$75.42$75.42
Insurance / mo$150.00$150.00$150.00
MI / mo$148.51$148.51$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,373.20$2,742.11$2,789.98
Cash to close$89,188$40,000$40,000