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$346,425$346,425$386,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$40,485$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.069%7.640%
1st payment$1,755.09$1,755.09$2,678.89
2nd payment$0.00$303.64$0.00
Taxes / mo$250.75$250.75$250.75
Insurance / mo$150.00$150.00$150.00
MI / mo$268.11$268.11$77.38
HOA / mo$135.00$135.00$135.00
Total monthly$2,558.95$2,862.59$3,292.02
Cash to close$83,475$42,990$42,990