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$285,468$285,468$352,800
Remaining term (yrs)24.524.530.0
Secondary amount$0$67,332$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.679%7.640%
1st payment$1,341.19$1,341.19$2,442.72
2nd payment$0.00$504.99$0.00
Taxes / mo$97.67$97.67$97.67
Insurance / mo$150.00$150.00$150.00
MI / mo$230.91$230.91$70.56
HOA / mo$17.67$17.67$17.67
Total monthly$1,837.44$2,342.42$2,778.61
Cash to close$106,532$39,200$39,200