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$298,709$298,709$382,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$83,791$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.048%7.640%
1st payment$1,421.14$1,421.14$2,648.35
2nd payment$0.00$628.43$0.00
Taxes / mo$185.17$185.17$185.17
Insurance / mo$150.00$150.00$150.00
MI / mo$236.04$236.04$76.50
HOA / mo$92.00$92.00$92.00
Total monthly$2,084.35$2,712.78$3,152.02
Cash to close$126,291$42,500$42,500