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$278,630$278,630$404,991
Remaining term (yrs)24.124.130.0
Secondary amount$0$126,361$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.028%7.640%
1st payment$1,324.41$1,324.41$2,804.08
2nd payment$0.00$842.41$0.00
Taxes / mo$69.50$69.50$69.50
Insurance / mo$150.00$150.00$150.00
MI / mo$227.43$227.43$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,771.34$2,613.75$3,104.57
Cash to close$171,360$44,999$44,999