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$243,059$243,059$256,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$27,691$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%4.725%7.640%
1st payment$1,168.02$1,168.02$1,775.95
2nd payment$0.00$274.03$0.00
Taxes / mo$8.92$8.92$8.92
Insurance / mo$150.00$150.00$150.00
MI / mo$194.74$194.74$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,521.68$1,795.71$1,986.17
Cash to close$41,941$14,250$28,500