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$400,033$400,033$607,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$207,467$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.096%7.640%
1st payment$1,865.81$1,865.81$4,206.21
2nd payment$0.00$1,339.89$0.00
Taxes / mo$75.50$75.50$75.50
Insurance / mo$166.67$166.67$166.67
MI / mo$318.75$318.75$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,426.73$3,766.62$4,569.87
Cash to close$274,967$67,500$67,500