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$283,359$283,359$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$99,141$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.229%7.640%
1st payment$1,361.69$1,361.69$2,648.35
2nd payment$0.00$743.56$0.00
Taxes / mo$80.75$80.75$80.75
Insurance / mo$150.00$150.00$150.00
MI / mo$227.03$227.03$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,819.46$2,563.02$2,955.60
Cash to close$141,641$42,500$42,500