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$334,341$334,341$400,500
Remaining term (yrs)28.828.830.0
Secondary amount$0$66,159$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.514%7.640%
1st payment$2,176.36$2,176.36$2,772.98
2nd payment$0.00$496.20$0.00
Taxes / mo$113.42$113.42$113.42
Insurance / mo$150.00$150.00$150.00
MI / mo$155.06$155.06$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,594.84$3,091.04$3,116.50
Cash to close$110,659$44,500$44,500