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$269,911$269,911$283,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$29,339$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.619%7.640%
1st payment$1,280.02$1,280.02$1,962.90
2nd payment$0.00$290.34$0.00
Taxes / mo$154.00$154.00$154.00
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$56.70
HOA / mo$76.00$76.00$76.00
Total monthly$1,875.62$2,165.96$2,399.60
Cash to close$45,089$15,750$31,500