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$329,544$329,544$360,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$30,456$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%4.515%7.640%
1st payment$1,602.46$1,602.46$2,492.57
2nd payment$0.00$228.42$0.00
Taxes / mo$110.92$110.92$110.92
Insurance / mo$0.00$0.00$0.00
MI / mo$260.81$260.81$72.00
HOA / mo$63.00$63.00$63.00
Total monthly$2,037.19$2,265.61$2,738.48
Cash to close$70,456$40,000$40,000