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$250,897$250,897$495,000
Remaining term (yrs)21.921.930.0
Secondary amount$0$244,103$0
Funding fee$0$0$0
Note rate4.600%4.600%7.400%
Blended rate5.450%6.584%7.640%
1st payment$1,512.69$1,512.69$3,427.28
2nd payment$0.00$1,576.50$0.00
Taxes / mo$212.50$212.50$212.50
Insurance / mo$166.67$166.67$166.67
MI / mo$209.01$209.01$99.00
HOA / mo$176.00$176.00$176.00
Total monthly$2,276.86$3,853.36$4,081.45
Cash to close$299,103$55,000$55,000