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$264,535$264,535$283,050
Remaining term (yrs)25.225.230.0
Secondary amount$0$34,240$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.832%7.640%
1st payment$1,253.05$1,253.05$1,959.78
2nd payment$0.00$338.83$0.00
Taxes / mo$54.58$54.58$54.58
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$56.61
HOA / mo$33.00$33.00$33.00
Total monthly$1,699.28$2,038.12$2,253.97
Cash to close$49,965$15,725$31,450