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$314,796$314,796$369,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$54,204$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.666%7.640%
1st payment$1,491.13$1,491.13$2,554.88
2nd payment$0.00$406.53$0.00
Taxes / mo$170.25$170.25$170.25
Insurance / mo$150.00$150.00$150.00
MI / mo$248.29$248.29$73.80
HOA / mo$74.67$74.67$74.67
Total monthly$2,134.34$2,540.87$3,023.60
Cash to close$95,204$41,000$41,000