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$274,203$274,203$472,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$198,297$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.039%7.640%
1st payment$1,487.16$1,487.16$3,271.49
2nd payment$0.00$1,321.98$0.00
Taxes / mo$216.58$216.58$216.58
Insurance / mo$166.67$166.67$166.67
MI / mo$226.90$226.90$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,097.32$3,419.30$3,749.24
Cash to close$250,797$52,500$52,500