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$329,866$329,866$377,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$48,044$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.557%7.640%
1st payment$1,585.18$1,585.18$2,616.57
2nd payment$0.00$360.33$0.00
Taxes / mo$84.42$84.42$84.42
Insurance / mo$150.00$150.00$150.00
MI / mo$264.29$264.29$75.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,083.88$2,444.21$2,926.57
Cash to close$90,034$41,990$41,990