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$264,832$264,832$350,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$85,268$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.961%7.640%
1st payment$1,244.24$1,244.24$2,424.02
2nd payment$0.00$639.51$0.00
Taxes / mo$117.17$117.17$117.17
Insurance / mo$150.00$150.00$150.00
MI / mo$214.21$214.21$70.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,725.62$2,365.13$2,761.21
Cash to close$124,168$38,900$38,900