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$239,905$239,905$263,700
Remaining term (yrs)25.025.030.0
Secondary amount$0$38,445$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.820%7.640%
1st payment$1,115.24$1,115.24$1,825.81
2nd payment$0.00$380.44$0.00
Taxes / mo$31.42$31.42$31.42
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$52.74
HOA / mo$0.00$0.00$0.00
Total monthly$1,487.92$1,868.37$2,059.96
Cash to close$53,095$14,650$29,300