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$295,505$295,505$405,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$109,495$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.527%7.640%
1st payment$1,500.02$1,500.02$2,804.14
2nd payment$0.00$729.96$0.00
Taxes / mo$171.42$171.42$171.42
Insurance / mo$150.00$150.00$150.00
MI / mo$229.15$229.15$81.00
HOA / mo$31.50$31.50$31.50
Total monthly$2,082.08$2,812.04$3,238.05
Cash to close$154,495$45,000$45,000