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$298,803$298,803$337,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$38,697$0
Funding fee$0$0$0
Note rate3.140%3.140%7.400%
Blended rate3.990%4.564%7.640%
1st payment$1,429.43$1,429.43$2,336.78
2nd payment$0.00$290.23$0.00
Taxes / mo$240.33$240.33$240.33
Insurance / mo$150.00$150.00$150.00
MI / mo$235.91$235.91$67.50
HOA / mo$60.00$60.00$60.00
Total monthly$2,115.68$2,405.90$2,854.62
Cash to close$76,197$37,500$37,500