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$234,699$234,699$324,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$89,301$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.038%7.640%
1st payment$1,092.34$1,092.34$2,243.31
2nd payment$0.00$669.76$0.00
Taxes / mo$50.42$50.42$50.42
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,484.02$2,153.78$2,508.53
Cash to close$125,301$36,000$36,000