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$290,074$290,074$415,710
Remaining term (yrs)24.724.730.0
Secondary amount$0$125,636$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.076%7.640%
1st payment$1,375.75$1,375.75$2,878.29
2nd payment$0.00$837.57$0.00
Taxes / mo$176.75$176.75$176.75
Insurance / mo$166.67$166.67$166.67
MI / mo$232.33$232.33$83.14
HOA / mo$124.00$124.00$124.00
Total monthly$2,075.49$2,913.06$3,428.85
Cash to close$171,826$46,190$46,190