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$246,500$246,500$414,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$167,500$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.862%7.640%
1st payment$1,303.27$1,303.27$2,866.45
2nd payment$0.00$1,116.67$0.00
Taxes / mo$135.17$135.17$135.17
Insurance / mo$166.67$166.67$166.67
MI / mo$204.06$204.06$82.80
HOA / mo$43.33$43.33$43.33
Total monthly$1,852.49$2,969.16$3,294.42
Cash to close$213,500$46,000$46,000