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$300,598$300,598$705,600
Remaining term (yrs)23.223.230.0
Secondary amount$0$405,002$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.387%7.640%
1st payment$1,604.41$1,604.41$4,885.43
2nd payment$0.00$2,615.64$0.00
Taxes / mo$225.25$225.25$225.25
Insurance / mo$216.67$216.67$216.67
MI / mo$246.90$246.90$141.12
HOA / mo$0.00$0.00$0.00
Total monthly$2,293.23$4,908.87$5,468.47
Cash to close$483,402$78,400$78,400