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$238,731$238,731$332,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,179$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.350%7.640%
1st payment$1,147.23$1,147.23$2,305.00
2nd payment$0.00$706.34$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.27$191.27$66.58
HOA / mo$41.67$41.67$41.67
Total monthly$1,704.00$2,410.34$2,737.09
Cash to close$131,169$36,990$36,990