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$349,750$349,750$1,035,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$685,250$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.770%7.640%
1st payment$1,821.64$1,821.64$7,166.13
2nd payment$0.00$4,425.57$0.00
Taxes / mo$188.67$188.67$188.67
Insurance / mo$216.67$216.67$216.67
MI / mo$270.27$270.27$207.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,497.24$6,922.81$7,778.46
Cash to close$800,250$115,000$115,000