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$283,411$283,411$341,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$58,499$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.599%7.640%
1st payment$1,317.49$1,317.49$2,367.32
2nd payment$0.00$438.74$0.00
Taxes / mo$158.13$158.13$158.13
Insurance / mo$150.00$150.00$150.00
MI / mo$225.95$225.95$68.38
HOA / mo$285.00$285.00$285.00
Total monthly$2,136.56$2,575.30$3,028.82
Cash to close$96,489$37,990$37,990