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$346,410$346,410$481,500
Remaining term (yrs)27.127.130.0
Secondary amount$0$135,090$0
Funding fee$0$0$0
Note rate7.570%7.570%7.400%
Blended rate8.120%8.086%7.640%
1st payment$2,505.82$2,505.82$3,333.81
2nd payment$0.00$900.60$0.00
Taxes / mo$52.08$52.08$52.08
Insurance / mo$166.67$166.67$166.67
MI / mo$163.14$163.14$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,887.70$3,788.30$3,648.86
Cash to close$188,590$53,500$53,500