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$273,395$273,395$628,920
Remaining term (yrs)24.424.430.0
Secondary amount$0$355,525$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.942%7.640%
1st payment$1,277.73$1,277.73$4,354.52
2nd payment$0.00$2,296.10$0.00
Taxes / mo$311.17$311.17$311.17
Insurance / mo$166.67$166.67$166.67
MI / mo$221.98$221.98$125.78
HOA / mo$103.33$103.33$103.33
Total monthly$2,080.88$4,376.97$5,061.46
Cash to close$425,405$69,880$69,880