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$251,715$251,715$427,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$175,785$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.480%7.640%
1st payment$1,210.31$1,210.31$2,959.92
2nd payment$0.00$1,171.90$0.00
Taxes / mo$122.83$122.83$122.83
Insurance / mo$166.67$166.67$166.67
MI / mo$206.77$206.77$85.50
HOA / mo$86.00$86.00$86.00
Total monthly$1,792.57$2,964.48$3,420.92
Cash to close$223,285$47,500$47,500