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$266,991$266,991$277,200
Remaining term (yrs)25.025.030.0
Secondary amount$0$25,609$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%4.580%7.640%
1st payment$1,267.45$1,267.45$1,919.28
2nd payment$0.00$253.42$0.00
Taxes / mo$89.42$89.42$89.42
Insurance / mo$150.00$150.00$150.00
MI / mo$212.13$212.13$55.44
HOA / mo$290.00$290.00$290.00
Total monthly$2,008.99$2,262.42$2,504.13
Cash to close$41,009$15,400$30,800