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$245,885$245,885$440,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$194,215$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.855%7.640%
1st payment$1,246.98$1,246.98$3,047.16
2nd payment$0.00$1,294.77$0.00
Taxes / mo$293.58$293.58$293.58
Insurance / mo$166.67$166.67$166.67
MI / mo$201.43$201.43$88.02
HOA / mo$35.42$35.42$35.42
Total monthly$1,944.08$3,238.85$3,630.85
Cash to close$243,115$48,900$48,900