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$344,669$344,669$391,410
Remaining term (yrs)25.525.530.0
Secondary amount$0$46,741$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.495%7.640%
1st payment$1,824.53$1,824.53$2,710.04
2nd payment$0.00$350.56$0.00
Taxes / mo$257.67$257.67$257.67
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$78.28
HOA / mo$139.00$139.00$139.00
Total monthly$2,636.42$2,986.98$3,334.99
Cash to close$90,231$43,490$43,490