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$279,489$279,489$490,410
Remaining term (yrs)24.724.730.0
Secondary amount$0$210,921$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.562%7.640%
1st payment$1,340.07$1,340.07$3,395.50
2nd payment$0.00$1,362.20$0.00
Taxes / mo$146.92$146.92$146.92
Insurance / mo$166.67$166.67$166.67
MI / mo$223.43$223.43$98.08
HOA / mo$25.00$25.00$25.00
Total monthly$1,902.08$3,264.28$3,832.17
Cash to close$265,411$54,490$54,490