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$348,655$348,655$427,500
Remaining term (yrs)26.226.230.0
Secondary amount$0$78,845$0
Funding fee$0$0$0
Note rate6.610%6.610%7.400%
Blended rate7.460%7.744%7.640%
1st payment$2,331.42$2,331.42$2,959.92
2nd payment$0.00$591.34$0.00
Taxes / mo$128.50$128.50$128.50
Insurance / mo$166.67$166.67$166.67
MI / mo$258.31$258.31$85.50
HOA / mo$70.00$70.00$70.00
Total monthly$2,954.90$3,546.23$3,410.59
Cash to close$126,345$47,500$47,500