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$277,227$277,227$432,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$154,773$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.131%7.640%
1st payment$1,271.95$1,271.95$2,991.08
2nd payment$0.00$1,031.82$0.00
Taxes / mo$216.08$216.08$216.08
Insurance / mo$166.67$166.67$166.67
MI / mo$222.71$222.71$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,877.41$2,909.23$3,460.23
Cash to close$202,773$48,000$48,000