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$306,838$306,838$324,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$35,162$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.558%7.640%
1st payment$1,434.40$1,434.40$2,243.31
2nd payment$0.00$347.96$0.00
Taxes / mo$168.75$168.75$168.75
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$64.80
HOA / mo$86.00$86.00$86.00
Total monthly$2,084.19$2,432.16$2,712.86
Cash to close$53,162$18,000$36,000