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$286,932$286,932$1,349,100
Remaining term (yrs)26.026.030.0
Secondary amount$0$1,062,168$0
Funding fee$0$0$0
Note rate5.220%5.220%7.400%
Blended rate6.070%7.393%7.640%
1st payment$1,679.93$1,679.93$9,340.90
2nd payment$0.00$6,859.83$0.00
Taxes / mo$489.50$489.50$489.50
Insurance / mo$216.67$216.67$216.67
MI / mo$216.22$216.22$269.82
HOA / mo$89.00$89.00$89.00
Total monthly$2,691.32$9,551.15$10,405.88
Cash to close$1,212,068$149,900$149,900