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$350,090$350,090$377,100
Remaining term (yrs)28.128.130.0
Secondary amount$0$27,010$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.394%7.640%
1st payment$2,308.12$2,308.12$2,610.96
2nd payment$0.00$202.57$0.00
Taxes / mo$3.92$3.92$3.92
Insurance / mo$150.00$150.00$150.00
MI / mo$163.61$163.61$75.42
HOA / mo$100.00$100.00$100.00
Total monthly$2,725.64$2,928.21$2,940.30
Cash to close$68,910$41,900$41,900