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$256,440$256,440$309,600
Remaining term (yrs)29.229.230.0
Secondary amount$0$53,160$0
Funding fee$0$0$0
Note rate5.250%5.250%7.400%
Blended rate5.800%6.349%7.640%
1st payment$1,429.39$1,429.39$2,143.61
2nd payment$0.00$398.70$0.00
Taxes / mo$110.58$110.58$110.58
Insurance / mo$150.00$150.00$150.00
MI / mo$118.64$118.64$61.92
HOA / mo$97.00$97.00$97.00
Total monthly$1,905.61$2,304.31$2,563.11
Cash to close$87,560$34,400$34,400