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$331,535$331,535$359,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$28,375$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.164%7.640%
1st payment$1,558.53$1,558.53$2,491.94
2nd payment$0.00$212.81$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$150.00$150.00$150.00
MI / mo$265.23$265.23$71.98
HOA / mo$57.00$57.00$57.00
Total monthly$2,199.09$2,411.90$2,939.26
Cash to close$68,365$39,990$39,990