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$332,031$332,031$449,820
Remaining term (yrs)24.824.830.0
Secondary amount$0$117,789$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.922%7.640%
1st payment$1,574.62$1,574.62$3,114.46
2nd payment$0.00$785.26$0.00
Taxes / mo$126.42$126.42$126.42
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$89.96
HOA / mo$66.00$66.00$66.00
Total monthly$2,198.93$2,984.19$3,563.51
Cash to close$167,769$49,980$49,980