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$285,905$285,905$346,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$60,505$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%4.485%7.640%
1st payment$1,330.67$1,330.67$2,398.47
2nd payment$0.00$453.79$0.00
Taxes / mo$130.08$130.08$130.08
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$69.28
HOA / mo$65.00$65.00$65.00
Total monthly$1,908.75$2,362.53$2,812.84
Cash to close$98,995$38,490$38,490