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$253,821$253,821$387,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$133,179$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.481%7.640%
1st payment$1,287.23$1,287.23$2,679.51
2nd payment$0.00$887.86$0.00
Taxes / mo$83.92$83.92$83.92
Insurance / mo$150.00$150.00$150.00
MI / mo$207.93$207.93$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,729.07$2,616.93$2,990.83
Cash to close$176,179$43,000$43,000