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$295,250$295,250$314,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$37,155$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.711%7.640%
1st payment$1,400.30$1,400.30$2,180.37
2nd payment$0.00$367.68$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,859.52$2,227.20$2,466.11
Cash to close$54,650$17,495$34,990