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$266,968$266,968$328,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$61,532$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.733%7.640%
1st payment$1,246.50$1,246.50$2,274.47
2nd payment$0.00$461.49$0.00
Taxes / mo$116.08$116.08$116.08
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,724.72$2,186.20$2,606.25
Cash to close$98,032$36,500$36,500