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$258,278$258,278$382,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$124,222$0
Funding fee$0$0$0
Note rate3.040%3.040%7.400%
Blended rate3.890%5.225%7.640%
1st payment$1,244.10$1,244.10$2,648.35
2nd payment$0.00$828.15$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$150.00$150.00$150.00
MI / mo$207.96$207.96$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,709.31$2,537.46$2,982.10
Cash to close$166,722$42,500$42,500