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$287,740$287,740$467,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$180,170$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%5.411%7.640%
1st payment$1,390.54$1,390.54$3,239.71
2nd payment$0.00$1,201.13$0.00
Taxes / mo$133.67$133.67$133.67
Insurance / mo$166.67$166.67$166.67
MI / mo$235.43$235.43$93.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,926.31$3,127.44$3,633.63
Cash to close$232,160$51,990$51,990