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$274,823$274,823$369,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$94,177$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.045%7.640%
1st payment$1,277.57$1,277.57$2,554.88
2nd payment$0.00$706.33$0.00
Taxes / mo$106.00$106.00$106.00
Insurance / mo$150.00$150.00$150.00
MI / mo$219.10$219.10$73.80
HOA / mo$65.00$65.00$65.00
Total monthly$1,817.67$2,523.99$2,949.68
Cash to close$135,177$41,000$41,000