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$292,010$292,010$539,999
Remaining term (yrs)23.623.630.0
Secondary amount$0$247,989$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.819%7.640%
1st payment$1,483.97$1,483.97$3,738.84
2nd payment$0.00$1,601.60$0.00
Taxes / mo$325.08$325.08$325.08
Insurance / mo$166.67$166.67$166.67
MI / mo$239.11$239.11$108.00
HOA / mo$6.25$6.25$6.25
Total monthly$2,221.07$3,822.67$4,344.84
Cash to close$307,989$60,000$60,000