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$311,598$311,598$378,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$66,402$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%4.911%7.640%
1st payment$1,553.47$1,553.47$2,617.20
2nd payment$0.00$498.01$0.00
Taxes / mo$85.71$85.71$85.71
Insurance / mo$0.00$0.00$0.00
MI / mo$155.00$155.00$75.60
HOA / mo$66.00$66.00$66.00
Total monthly$1,860.18$2,358.19$2,844.50
Cash to close$108,402$42,000$42,000