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$250,657$250,657$359,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$109,253$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.423%7.640%
1st payment$1,292.61$1,292.61$2,491.94
2nd payment$0.00$728.35$0.00
Taxes / mo$174.67$174.67$174.67
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$71.98
HOA / mo$121.00$121.00$121.00
Total monthly$1,943.45$2,671.80$3,009.59
Cash to close$149,243$39,990$39,990