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$317,530$317,530$492,750
Remaining term (yrs)24.524.530.0
Secondary amount$0$175,220$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.203%7.640%
1st payment$1,491.82$1,491.82$3,411.70
2nd payment$0.00$1,168.14$0.00
Taxes / mo$143.75$143.75$143.75
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$98.55
HOA / mo$138.00$138.00$138.00
Total monthly$2,197.08$3,365.22$3,958.67
Cash to close$229,970$54,750$54,750