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$292,239$292,239$463,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$171,261$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.346%7.640%
1st payment$1,412.29$1,412.29$3,209.18
2nd payment$0.00$1,141.74$0.00
Taxes / mo$242.42$242.42$242.42
Insurance / mo$166.67$166.67$166.67
MI / mo$239.11$239.11$92.70
HOA / mo$102.00$102.00$102.00
Total monthly$2,162.48$3,304.22$3,812.96
Cash to close$222,761$51,500$51,500