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$331,036$331,036$423,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$91,964$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.017%7.640%
1st payment$1,590.80$1,590.80$2,928.77
2nd payment$0.00$689.73$0.00
Taxes / mo$143.83$143.83$143.83
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$84.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,166.52$2,856.26$3,323.87
Cash to close$138,964$47,000$47,000