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$239,742$239,742$288,000
Remaining term (yrs)25.025.030.0
Secondary amount$0$48,258$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.605%7.640%
1st payment$1,118.19$1,118.19$1,994.05
2nd payment$0.00$361.93$0.00
Taxes / mo$154.58$154.58$154.58
Insurance / mo$150.00$150.00$150.00
MI / mo$191.03$191.03$57.60
HOA / mo$196.00$196.00$196.00
Total monthly$1,809.81$2,171.74$2,552.24
Cash to close$80,258$32,000$32,000