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$275,117$275,117$350,991
Remaining term (yrs)25.525.530.0
Secondary amount$0$75,874$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.559%7.640%
1st payment$1,396.52$1,396.52$2,430.19
2nd payment$0.00$569.06$0.00
Taxes / mo$189.92$189.92$189.92
Insurance / mo$150.00$150.00$150.00
MI / mo$213.34$213.34$70.20
HOA / mo$80.00$80.00$80.00
Total monthly$2,029.77$2,598.83$2,920.31
Cash to close$114,873$38,999$38,999