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$335,986$335,986$360,000
Remaining term (yrs)26.726.730.0
Secondary amount$0$44,014$0
Funding fee$0$0$0
Note rate6.790%6.790%7.400%
Blended rate7.340%7.865%7.640%
1st payment$2,270.09$2,270.09$2,492.57
2nd payment$0.00$435.56$0.00
Taxes / mo$42.50$42.50$42.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,622.36$3,057.91$2,757.07
Cash to close$64,014$20,000$40,000