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$292,904$292,904$472,230
Remaining term (yrs)25.025.030.0
Secondary amount$0$179,326$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.327%7.640%
1st payment$1,361.62$1,361.62$3,269.63
2nd payment$0.00$1,195.51$0.00
Taxes / mo$147.42$147.42$147.42
Insurance / mo$166.67$166.67$166.67
MI / mo$233.52$233.52$94.45
HOA / mo$66.00$66.00$66.00
Total monthly$1,975.22$3,170.72$3,744.15
Cash to close$231,796$52,470$52,470