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$329,949$329,949$355,500
Remaining term (yrs)28.528.530.0
Secondary amount$0$25,551$0
Funding fee$0$0$0
Note rate5.980%5.980%7.400%
Blended rate6.530%6.708%7.640%
1st payment$2,009.50$2,009.50$2,461.41
2nd payment$0.00$191.63$0.00
Taxes / mo$134.08$134.08$134.08
Insurance / mo$150.00$150.00$150.00
MI / mo$152.05$152.05$71.10
HOA / mo$58.92$58.92$58.92
Total monthly$2,504.56$2,696.19$2,875.51
Cash to close$65,051$39,500$39,500