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$10,513$10,513$254,700
Remaining term (yrs)18.318.330.0
Secondary amount$0$244,187$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%7.593%7.640%
1st payment$62.50$62.50$1,763.49
2nd payment$0.00$1,577.04$0.00
Taxes / mo$87.00$87.00$87.00
Insurance / mo$150.00$150.00$150.00
MI / mo$8.73$8.73$50.94
HOA / mo$265.00$265.00$265.00
Total monthly$573.23$2,150.26$2,316.43
Cash to close$272,487$28,300$28,300