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$269,953$269,953$418,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$148,547$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.110%7.640%
1st payment$1,255.06$1,255.06$2,897.61
2nd payment$0.00$990.31$0.00
Taxes / mo$256.92$256.92$256.92
Insurance / mo$166.67$166.67$166.67
MI / mo$220.04$220.04$83.70
HOA / mo$146.00$146.00$146.00
Total monthly$2,044.68$3,034.99$3,550.89
Cash to close$195,047$46,500$46,500