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$315,942$315,942$393,300
Remaining term (yrs)25.025.030.0
Secondary amount$0$77,358$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.759%7.640%
1st payment$1,473.60$1,473.60$2,723.13
2nd payment$0.00$580.19$0.00
Taxes / mo$177.00$177.00$177.00
Insurance / mo$150.00$150.00$150.00
MI / mo$251.75$251.75$78.66
HOA / mo$85.00$85.00$85.00
Total monthly$2,137.34$2,717.53$3,213.79
Cash to close$121,058$43,700$43,700