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$308,085$308,085$449,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$141,825$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.172%7.640%
1st payment$1,480.82$1,480.82$3,115.09
2nd payment$0.00$945.50$0.00
Taxes / mo$295.33$295.33$295.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.16$248.16$89.98
HOA / mo$126.00$126.00$126.00
Total monthly$2,316.97$3,262.48$3,793.07
Cash to close$191,815$49,990$49,990