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$388,942$388,942$403,200
Remaining term (yrs)26.626.630.0
Secondary amount$0$36,658$0
Funding fee$0$0$0
Note rate6.420%6.420%7.400%
Blended rate6.970%7.392%7.640%
1st payment$2,538.74$2,538.74$2,791.68
2nd payment$0.00$362.76$0.00
Taxes / mo$132.50$132.50$132.50
Insurance / mo$150.00$150.00$150.00
MI / mo$185.64$185.64$80.64
HOA / mo$100.00$100.00$100.00
Total monthly$3,106.88$3,469.63$3,254.82
Cash to close$59,058$22,400$44,800