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$339,905$339,905$418,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$78,595$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.434%7.640%
1st payment$1,722.06$1,722.06$2,897.61
2nd payment$0.00$589.46$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$166.67$166.67$166.67
MI / mo$263.07$263.07$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,364.30$2,953.76$3,360.48
Cash to close$125,095$46,500$46,500