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$329,120$329,120$373,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$44,380$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%4.947%7.640%
1st payment$1,636.33$1,636.33$2,586.04
2nd payment$0.00$332.85$0.00
Taxes / mo$194.08$194.08$194.08
Insurance / mo$150.00$150.00$150.00
MI / mo$256.52$256.52$74.70
HOA / mo$150.00$150.00$150.00
Total monthly$2,386.94$2,719.78$3,154.82
Cash to close$85,880$41,500$41,500