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$321,428$321,428$465,743
Remaining term (yrs)25.525.530.0
Secondary amount$0$144,315$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.943%7.640%
1st payment$1,701.50$1,701.50$3,224.71
2nd payment$0.00$962.10$0.00
Taxes / mo$244.17$244.17$244.17
Insurance / mo$166.67$166.67$166.67
MI / mo$247.34$247.34$93.15
HOA / mo$0.00$0.00$0.00
Total monthly$2,359.68$3,321.78$3,728.69
Cash to close$196,064$51,749$51,749