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$281,745$281,745$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$100,755$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.987%7.640%
1st payment$1,353.93$1,353.93$2,648.35
2nd payment$0.00$671.70$0.00
Taxes / mo$269.92$269.92$269.92
Insurance / mo$150.00$150.00$150.00
MI / mo$225.74$225.74$76.50
HOA / mo$138.00$138.00$138.00
Total monthly$2,137.58$2,809.28$3,282.77
Cash to close$143,255$42,500$42,500