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$331,156$331,156$368,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$37,754$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.341%7.640%
1st payment$1,570.59$1,570.59$2,554.26
2nd payment$0.00$283.16$0.00
Taxes / mo$86.42$86.42$86.42
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$73.78
HOA / mo$75.00$75.00$75.00
Total monthly$2,147.23$2,430.39$2,939.46
Cash to close$78,744$40,990$40,990