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$386,999
Remaining term (yrs)28.128.130.0
Secondary amount$0$36,909$0
Funding fee$0$0$0
Note rate6.720%6.720%7.400%
Blended rate7.270%7.435%7.640%
1st payment$2,308.12$2,308.12$2,679.50
2nd payment$0.00$276.82$0.00
Taxes / mo$3.92$3.92$3.92
Insurance / mo$150.00$150.00$150.00
MI / mo$163.61$163.61$77.40
HOA / mo$96.00$96.00$96.00
Total monthly$2,721.64$2,998.46$3,006.82
Cash to close$79,909$43,000$43,000