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$268,417$268,417$436,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$168,083$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.546%7.640%
1st payment$1,330.84$1,330.84$3,022.24
2nd payment$0.00$1,120.55$0.00
Taxes / mo$115.42$115.42$115.42
Insurance / mo$166.67$166.67$166.67
MI / mo$219.08$219.08$87.30
HOA / mo$53.33$53.33$53.33
Total monthly$1,885.33$3,005.89$3,444.95
Cash to close$216,583$48,500$48,500