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$254,511$254,511$405,000
Remaining term (yrs)23.323.330.0
Secondary amount$0$150,489$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.832%7.640%
1st payment$1,355.38$1,355.38$2,804.14
2nd payment$0.00$1,003.26$0.00
Taxes / mo$114.08$114.08$114.08
Insurance / mo$150.00$150.00$150.00
MI / mo$208.58$208.58$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,828.05$2,831.30$3,149.22
Cash to close$195,489$45,000$45,000