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$282,816$282,816$448,650
Remaining term (yrs)23.623.630.0
Secondary amount$0$165,834$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.579%7.640%
1st payment$1,434.27$1,434.27$3,106.36
2nd payment$0.00$1,105.56$0.00
Taxes / mo$188.25$188.25$188.25
Insurance / mo$166.67$166.67$166.67
MI / mo$231.68$231.68$89.73
HOA / mo$120.00$120.00$120.00
Total monthly$2,140.87$3,246.43$3,671.01
Cash to close$215,684$49,850$49,850