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$352,892$352,892$384,300
Remaining term (yrs)25.225.230.0
Secondary amount$0$31,408$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.363%7.640%
1st payment$1,677.13$1,677.13$2,660.82
2nd payment$0.00$235.56$0.00
Taxes / mo$99.83$99.83$99.83
Insurance / mo$150.00$150.00$150.00
MI / mo$278.20$278.20$76.86
HOA / mo$0.00$0.00$0.00
Total monthly$2,205.16$2,440.72$2,987.51
Cash to close$74,108$42,700$42,700