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$313,866$313,866$396,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$82,134$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.005%7.640%
1st payment$1,496.54$1,496.54$2,741.82
2nd payment$0.00$616.01$0.00
Taxes / mo$143.50$143.50$143.50
Insurance / mo$150.00$150.00$150.00
MI / mo$247.93$247.93$79.20
HOA / mo$210.00$210.00$210.00
Total monthly$2,247.98$2,863.98$3,324.52
Cash to close$126,134$44,000$44,000