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$313,938$313,938$350,910
Remaining term (yrs)26.826.830.0
Secondary amount$0$36,972$0
Funding fee$0$0$0
Note rate6.670%6.670%7.400%
Blended rate7.220%7.408%7.640%
1st payment$2,094.55$2,094.55$2,429.63
2nd payment$0.00$277.29$0.00
Taxes / mo$113.58$113.58$113.58
Insurance / mo$150.00$150.00$150.00
MI / mo$149.23$149.23$70.18
HOA / mo$58.92$58.92$58.92
Total monthly$2,566.29$2,843.58$2,822.32
Cash to close$75,962$38,990$38,990