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$267,593$267,593$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$114,907$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.873%7.640%
1st payment$1,242.44$1,242.44$2,648.35
2nd payment$0.00$766.05$0.00
Taxes / mo$213.67$213.67$213.67
Insurance / mo$150.00$150.00$150.00
MI / mo$217.54$217.54$76.50
HOA / mo$120.00$120.00$120.00
Total monthly$1,943.65$2,709.70$3,208.52
Cash to close$157,407$42,500$42,500