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$267,455$267,455$607,410
Remaining term (yrs)24.124.130.0
Secondary amount$0$339,955$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.958%7.640%
1st payment$1,271.30$1,271.30$4,205.58
2nd payment$0.00$2,195.54$0.00
Taxes / mo$277.75$277.75$277.75
Insurance / mo$166.67$166.67$166.67
MI / mo$218.31$218.31$121.48
HOA / mo$53.00$53.00$53.00
Total monthly$1,987.02$4,182.57$4,824.48
Cash to close$407,445$67,490$67,490