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$243,659$243,659$329,400
Remaining term (yrs)24.324.330.0
Secondary amount$0$85,741$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.954%7.640%
1st payment$1,134.05$1,134.05$2,280.70
2nd payment$0.00$643.06$0.00
Taxes / mo$162.75$162.75$162.75
Insurance / mo$150.00$150.00$150.00
MI / mo$198.57$198.57$65.88
HOA / mo$30.67$30.67$30.67
Total monthly$1,676.04$2,319.09$2,690.00
Cash to close$122,341$36,600$36,600