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$239,611$239,611$296,999
Remaining term (yrs)25.025.030.0
Secondary amount$0$57,388$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.716%7.640%
1st payment$1,113.88$1,113.88$2,056.36
2nd payment$0.00$430.41$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$191.03$191.03$59.40
HOA / mo$196.00$196.00$196.00
Total monthly$1,805.49$2,235.90$2,616.34
Cash to close$90,388$33,000$33,000