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$289,988$289,988$363,600
Remaining term (yrs)25.525.530.0
Secondary amount$0$73,612$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.499%7.640%
1st payment$1,472.01$1,472.01$2,517.49
2nd payment$0.00$552.09$0.00
Taxes / mo$177.67$177.67$177.67
Insurance / mo$150.00$150.00$150.00
MI / mo$224.87$224.87$72.72
HOA / mo$110.00$110.00$110.00
Total monthly$2,134.54$2,686.63$3,027.88
Cash to close$114,012$40,400$40,400