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$256,974$256,974$426,600
Remaining term (yrs)24.424.430.0
Secondary amount$0$169,626$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.344%7.640%
1st payment$1,200.98$1,200.98$2,953.69
2nd payment$0.00$1,130.84$0.00
Taxes / mo$80.67$80.67$80.67
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$85.32
HOA / mo$0.00$0.00$0.00
Total monthly$1,656.96$2,787.81$3,286.35
Cash to close$217,026$47,400$47,400