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$302,235$302,235$449,999
Remaining term (yrs)24.524.530.0
Secondary amount$0$147,764$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.038%7.640%
1st payment$1,409.15$1,409.15$3,115.70
2nd payment$0.00$985.09$0.00
Taxes / mo$171.75$171.75$171.75
Insurance / mo$166.67$166.67$166.67
MI / mo$244.82$244.82$90.00
HOA / mo$55.00$55.00$55.00
Total monthly$2,047.38$3,032.48$3,599.12
Cash to close$197,764$50,000$50,000