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$375,896$375,896$404,991
Remaining term (yrs)25.525.530.0
Secondary amount$0$29,095$0
Funding fee$0$0$0
Note rate4.420%4.420%7.400%
Blended rate5.270%5.538%7.640%
1st payment$2,042.91$2,042.91$2,804.08
2nd payment$0.00$218.21$0.00
Taxes / mo$131.50$131.50$131.50
Insurance / mo$150.00$150.00$150.00
MI / mo$288.29$288.29$81.00
HOA / mo$93.00$93.00$93.00
Total monthly$2,705.70$2,923.91$3,259.57
Cash to close$74,094$44,999$44,999