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$306,095$306,095$333,000
Remaining term (yrs)28.528.530.0
Secondary amount$0$26,905$0
Funding fee$0$0$0
Note rate6.650%6.650%7.400%
Blended rate7.200%7.345%7.640%
1st payment$1,996.18$1,996.18$2,305.62
2nd payment$0.00$201.79$0.00
Taxes / mo$94.42$94.42$94.42
Insurance / mo$150.00$150.00$150.00
MI / mo$142.52$142.52$66.60
HOA / mo$70.00$70.00$70.00
Total monthly$2,453.11$2,654.90$2,686.64
Cash to close$63,905$37,000$37,000