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$310,843$310,843$431,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$120,257$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%6.608%7.640%
1st payment$1,819.93$1,819.93$2,984.85
2nd payment$0.00$801.71$0.00
Taxes / mo$151.17$151.17$151.17
Insurance / mo$166.67$166.67$166.67
MI / mo$234.24$234.24$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,372.00$3,173.71$3,388.90
Cash to close$168,157$47,900$47,900