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$248,977$248,977$503,100
Remaining term (yrs)22.522.530.0
Secondary amount$0$254,123$0
Funding fee$0$0$0
Note rate4.370%4.370%7.400%
Blended rate5.220%6.498%7.640%
1st payment$1,447.01$1,447.01$3,483.36
2nd payment$0.00$1,641.21$0.00
Taxes / mo$186.00$186.00$186.00
Insurance / mo$166.67$166.67$166.67
MI / mo$205.41$205.41$100.62
HOA / mo$37.00$37.00$37.00
Total monthly$2,042.08$3,683.29$3,973.65
Cash to close$310,023$55,900$55,900