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$256,035$256,035$401,310
Remaining term (yrs)24.324.330.0
Secondary amount$0$145,275$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.148%7.640%
1st payment$1,191.65$1,191.65$2,778.59
2nd payment$0.00$968.50$0.00
Taxes / mo$108.75$108.75$108.75
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$80.26
HOA / mo$188.67$188.67$188.67
Total monthly$1,847.72$2,816.22$3,306.27
Cash to close$189,865$44,590$44,590