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$329,378$329,378$368,910
Remaining term (yrs)26.526.530.0
Secondary amount$0$39,532$0
Funding fee$0$0$0
Note rate6.320%6.320%7.400%
Blended rate6.870%7.098%7.640%
1st payment$2,131.64$2,131.64$2,554.26
2nd payment$0.00$296.49$0.00
Taxes / mo$146.00$146.00$146.00
Insurance / mo$150.00$150.00$150.00
MI / mo$157.51$157.51$73.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,585.16$2,881.65$2,924.04
Cash to close$80,522$40,990$40,990