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$228,373$228,373$301,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$73,127$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.008%7.640%
1st payment$1,063.94$1,063.94$2,087.53
2nd payment$0.00$548.45$0.00
Taxes / mo$87.17$87.17$87.17
Insurance / mo$150.00$150.00$150.00
MI / mo$181.53$181.53$60.30
HOA / mo$40.00$40.00$40.00
Total monthly$1,522.63$2,071.08$2,424.99
Cash to close$106,627$33,500$33,500