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$305,244$305,244$413,100
Remaining term (yrs)25.625.630.0
Secondary amount$0$107,856$0
Funding fee$0$0$0
Note rate4.980%4.980%7.400%
Blended rate5.830%6.397%7.640%
1st payment$1,754.81$1,754.81$2,860.22
2nd payment$0.00$719.04$0.00
Taxes / mo$145.25$145.25$145.25
Insurance / mo$166.67$166.67$166.67
MI / mo$232.07$232.07$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,298.80$3,017.85$3,254.76
Cash to close$153,756$45,900$45,900