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$310,542$310,542$337,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$26,868$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.306%7.640%
1st payment$1,477.43$1,477.43$2,336.16
2nd payment$0.00$201.51$0.00
Taxes / mo$164.25$164.25$164.25
Insurance / mo$150.00$150.00$150.00
MI / mo$246.64$246.64$67.48
HOA / mo$110.00$110.00$110.00
Total monthly$2,148.32$2,349.84$2,827.89
Cash to close$64,358$37,490$37,490