Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$338,829$338,829$364,500
Remaining term (yrs)26.126.130.0
Secondary amount$0$25,671$0
Funding fee$0$0$0
Note rate7.080%7.080%7.400%
Blended rate7.930%8.005%7.640%
1st payment$2,370.73$2,370.73$2,523.72
2nd payment$0.00$192.53$0.00
Taxes / mo$228.67$228.67$228.67
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,999.77$3,192.31$2,975.29
Cash to close$66,171$40,500$40,500