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$314,854$314,854$485,100
Remaining term (yrs)26.926.930.0
Secondary amount$0$170,246$0
Funding fee$0$0$0
Note rate6.960%6.960%7.400%
Blended rate7.510%7.682%7.640%
1st payment$2,157.41$2,157.41$3,358.73
2nd payment$0.00$1,134.97$0.00
Taxes / mo$205.75$205.75$205.75
Insurance / mo$166.67$166.67$166.67
MI / mo$149.23$149.23$97.02
HOA / mo$77.00$77.00$77.00
Total monthly$2,756.06$3,891.03$3,905.17
Cash to close$224,146$53,900$53,900