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$275,740$275,740$431,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$155,360$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.333%7.640%
1st payment$1,313.61$1,313.61$2,984.85
2nd payment$0.00$1,035.73$0.00
Taxes / mo$170.92$170.92$170.92
Insurance / mo$166.67$166.67$166.67
MI / mo$221.26$221.26$86.22
HOA / mo$103.33$103.33$103.33
Total monthly$1,975.78$3,011.52$3,511.98
Cash to close$203,260$47,900$47,900