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$295,461$295,461$449,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$154,449$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.189%7.640%
1st payment$1,374.96$1,374.96$3,115.09
2nd payment$0.00$1,029.66$0.00
Taxes / mo$134.00$134.00$134.00
Insurance / mo$166.67$166.67$166.67
MI / mo$234.89$234.89$89.98
HOA / mo$75.33$75.33$75.33
Total monthly$1,985.85$3,015.51$3,581.06
Cash to close$204,439$49,990$49,990