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$327,886$327,886$341,100
Remaining term (yrs)25.925.930.0
Secondary amount$0$32,164$0
Funding fee$0$0$0
Note rate5.540%5.540%7.400%
Blended rate6.390%6.880%7.640%
1st payment$1,985.54$1,985.54$2,361.71
2nd payment$0.00$318.29$0.00
Taxes / mo$108.42$108.42$108.42
Insurance / mo$150.00$150.00$150.00
MI / mo$246.61$246.61$68.22
HOA / mo$191.00$191.00$191.00
Total monthly$2,681.57$2,999.86$2,879.34
Cash to close$51,114$18,950$37,900