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$292,415$292,415$310,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,335$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.331%7.640%
1st payment$1,476.05$1,476.05$2,149.84
2nd payment$0.00$349.67$0.00
Taxes / mo$68.25$68.25$68.25
Insurance / mo$150.00$150.00$150.00
MI / mo$227.43$227.43$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,921.73$2,271.39$2,430.19
Cash to close$52,585$17,250$34,500