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$368,066$368,066$405,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$36,934$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%4.729%7.640%
1st payment$1,810.14$1,810.14$2,804.14
2nd payment$0.00$277.01$0.00
Taxes / mo$138.00$138.00$138.00
Insurance / mo$150.00$150.00$150.00
MI / mo$287.32$287.32$81.00
HOA / mo$60.00$60.00$60.00
Total monthly$2,445.46$2,722.47$3,233.14
Cash to close$81,934$45,000$45,000