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$269,493$269,493$395,100
Remaining term (yrs)22.622.630.0
Secondary amount$0$125,607$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%5.947%7.640%
1st payment$1,525.53$1,525.53$2,735.59
2nd payment$0.00$837.38$0.00
Taxes / mo$183.25$183.25$183.25
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$79.02
HOA / mo$87.00$87.00$87.00
Total monthly$2,168.34$3,005.72$3,234.86
Cash to close$169,507$43,900$43,900