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$1,240$1,240$319,500
Remaining term (yrs)13.013.030.0
Secondary amount$0$318,260$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%7.735%7.640%
1st payment$9.56$9.56$2,212.15
2nd payment$0.00$2,055.43$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$1.18$1.18$63.90
HOA / mo$0.00$0.00$0.00
Total monthly$260.40$2,315.84$2,525.72
Cash to close$353,760$35,500$35,500