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$271,453$271,453$386,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$114,647$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.949%7.640%
1st payment$1,275.34$1,275.34$2,673.28
2nd payment$0.00$764.32$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$219.57$219.57$77.22
HOA / mo$81.00$81.00$81.00
Total monthly$1,854.75$2,619.06$3,110.33
Cash to close$157,547$42,900$42,900