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$304,444$304,444$404,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$100,466$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.759%7.640%
1st payment$1,412.05$1,412.05$2,803.52
2nd payment$0.00$669.78$0.00
Taxes / mo$120.83$120.83$120.83
Insurance / mo$150.00$150.00$150.00
MI / mo$242.17$242.17$80.98
HOA / mo$86.33$86.33$86.33
Total monthly$2,011.37$2,681.15$3,241.66
Cash to close$145,456$44,990$44,990