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$271,830$271,830$455,310
Remaining term (yrs)23.723.730.0
Secondary amount$0$183,480$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.660%7.640%
1st payment$1,363.99$1,363.99$3,152.47
2nd payment$0.00$1,223.20$0.00
Taxes / mo$118.83$118.83$118.83
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$91.06
HOA / mo$0.00$0.00$0.00
Total monthly$1,872.05$3,095.25$3,529.04
Cash to close$234,070$50,590$50,590