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$236,458$236,458$305,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$69,452$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.872%7.640%
1st payment$1,110.93$1,110.93$2,118.06
2nd payment$0.00$520.89$0.00
Taxes / mo$115.58$115.58$115.58
Insurance / mo$150.00$150.00$150.00
MI / mo$191.26$191.26$61.18
HOA / mo$65.00$65.00$65.00
Total monthly$1,632.78$2,153.67$2,509.82
Cash to close$103,442$33,990$33,990