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$34,816$34,816$395,999
Remaining term (yrs)20.220.230.0
Secondary amount$0$361,183$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%7.448%7.640%
1st payment$199.10$199.10$2,741.82
2nd payment$0.00$2,332.64$0.00
Taxes / mo$120.17$120.17$120.17
Insurance / mo$150.00$150.00$150.00
MI / mo$31.52$31.52$79.20
HOA / mo$62.33$62.33$62.33
Total monthly$563.12$2,895.76$3,153.51
Cash to close$405,183$44,000$44,000