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$31,818$31,818$359,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$328,092$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%7.415%7.640%
1st payment$150.73$150.73$2,491.94
2nd payment$0.00$2,118.93$0.00
Taxes / mo$109.50$109.50$109.50
Insurance / mo$150.00$150.00$150.00
MI / mo$24.97$24.97$71.98
HOA / mo$106.00$106.00$106.00
Total monthly$541.20$2,660.13$2,929.43
Cash to close$368,082$39,990$39,990