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$351,813$351,813$395,100
Remaining term (yrs)26.426.430.0
Secondary amount$0$43,287$0
Funding fee$0$0$0
Note rate6.330%6.330%7.400%
Blended rate6.880%7.112%7.640%
1st payment$2,284.57$2,284.57$2,735.59
2nd payment$0.00$324.65$0.00
Taxes / mo$112.07$112.07$112.07
Insurance / mo$150.00$150.00$150.00
MI / mo$168.63$168.63$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,715.27$3,039.92$3,076.68
Cash to close$87,187$43,900$43,900