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$324,592$324,592$436,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$111,908$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.966%7.640%
1st payment$1,540.89$1,540.89$3,022.24
2nd payment$0.00$746.05$0.00
Taxes / mo$186.67$186.67$186.67
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$87.30
HOA / mo$132.00$132.00$132.00
Total monthly$2,282.80$3,028.85$3,594.87
Cash to close$160,408$48,500$48,500