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$333,796$333,796$485,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$152,114$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.080%7.640%
1st payment$1,558.53$1,558.53$3,364.34
2nd payment$0.00$1,014.09$0.00
Taxes / mo$178.17$178.17$178.17
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$97.18
HOA / mo$100.00$100.00$100.00
Total monthly$2,268.59$3,282.68$3,906.36
Cash to close$206,104$53,990$53,990