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$323,788$323,788$369,000
Remaining term (yrs)29.029.030.0
Secondary amount$0$45,212$0
Funding fee$0$0$0
Note rate6.350%6.350%7.400%
Blended rate6.900%7.157%7.640%
1st payment$2,036.13$2,036.13$2,554.88
2nd payment$0.00$339.09$0.00
Taxes / mo$99.50$99.50$99.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.98$149.98$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,435.61$2,774.70$2,878.18
Cash to close$86,212$41,000$41,000