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$248,056$248,056$329,310
Remaining term (yrs)24.824.830.0
Secondary amount$0$81,254$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.068%7.640%
1st payment$1,169.95$1,169.95$2,280.08
2nd payment$0.00$609.41$0.00
Taxes / mo$89.33$89.33$89.33
Insurance / mo$150.00$150.00$150.00
MI / mo$198.33$198.33$65.86
HOA / mo$29.33$29.33$29.33
Total monthly$1,636.94$2,246.35$2,614.60
Cash to close$117,844$36,590$36,590