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$319,258$319,258$340,110
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,747$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.614%7.640%
1st payment$1,484.05$1,484.05$2,354.85
2nd payment$0.00$393.33$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$150.00$150.00$150.00
MI / mo$253.86$253.86$68.02
HOA / mo$115.00$115.00$115.00
Total monthly$2,163.08$2,556.40$2,848.04
Cash to close$58,642$18,895$37,790