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$360,901$360,901$368,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$28,598$0
Funding fee$0$0$0
Note rate4.670%4.670%7.400%
Blended rate5.520%5.987%7.640%
1st payment$2,013.08$2,013.08$2,554.88
2nd payment$0.00$283.00$0.00
Taxes / mo$64.83$64.83$64.83
Insurance / mo$150.00$150.00$150.00
MI / mo$275.90$275.90$73.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,503.81$2,786.81$2,843.51
Cash to close$49,098$20,500$41,000