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$285,265$285,265$346,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$61,235$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%5.723%7.640%
1st payment$1,510.07$1,510.07$2,399.10
2nd payment$0.00$459.26$0.00
Taxes / mo$99.67$99.67$99.67
Insurance / mo$150.00$150.00$150.00
MI / mo$219.52$219.52$69.30
HOA / mo$191.00$191.00$191.00
Total monthly$2,170.25$2,629.51$2,909.06
Cash to close$99,735$38,500$38,500