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$280,902$280,902$310,500
Remaining term (yrs)25.725.730.0
Secondary amount$0$29,598$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.358%7.640%
1st payment$1,653.79$1,653.79$2,149.84
2nd payment$0.00$221.98$0.00
Taxes / mo$142.33$142.33$142.33
Insurance / mo$150.00$150.00$150.00
MI / mo$212.61$212.61$62.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,158.74$2,380.72$2,504.27
Cash to close$64,098$34,500$34,500