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$319,332$319,332$386,910
Remaining term (yrs)29.329.330.0
Secondary amount$0$67,578$0
Funding fee$0$0$0
Note rate6.180%6.180%7.400%
Blended rate6.730%7.126%7.640%
1st payment$1,965.10$1,965.10$2,678.89
2nd payment$0.00$506.84$0.00
Taxes / mo$164.42$164.42$164.42
Insurance / mo$150.00$150.00$150.00
MI / mo$147.37$147.37$77.38
HOA / mo$92.00$92.00$92.00
Total monthly$2,518.89$3,025.72$3,162.69
Cash to close$110,568$42,990$42,990