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$309,697$309,697$359,100
Remaining term (yrs)28.528.530.0
Secondary amount$0$49,403$0
Funding fee$0$0$0
Note rate6.760%6.760%7.400%
Blended rate7.310%7.543%7.640%
1st payment$2,040.01$2,040.01$2,486.34
2nd payment$0.00$370.52$0.00
Taxes / mo$92.17$92.17$92.17
Insurance / mo$150.00$150.00$150.00
MI / mo$144.01$144.01$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,426.19$2,796.71$2,800.32
Cash to close$89,303$39,900$39,900