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$289,950$289,950$425,610
Remaining term (yrs)24.024.030.0
Secondary amount$0$135,660$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.132%7.640%
1st payment$1,401.23$1,401.23$2,946.84
2nd payment$0.00$904.40$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$166.67$166.67$166.67
MI / mo$237.24$237.24$85.12
HOA / mo$75.00$75.00$75.00
Total monthly$2,034.88$2,939.28$3,428.38
Cash to close$182,950$47,290$47,290