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$348,543$348,543$899,999
Remaining term (yrs)25.525.530.0
Secondary amount$0$551,456$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.534%7.640%
1st payment$1,769.24$1,769.24$6,231.41
2nd payment$0.00$3,561.49$0.00
Taxes / mo$188.67$188.67$188.67
Insurance / mo$216.67$216.67$216.67
MI / mo$270.27$270.27$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,444.85$6,006.33$6,816.75
Cash to close$651,456$100,000$100,000