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$244,922$244,922$269,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$39,983$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.744%7.640%
1st payment$1,143.41$1,143.41$1,868.80
2nd payment$0.00$395.67$0.00
Taxes / mo$185.50$185.50$185.50
Insurance / mo$150.00$150.00$150.00
MI / mo$198.91$198.91$53.98
HOA / mo$72.00$72.00$72.00
Total monthly$1,749.81$2,145.48$2,330.28
Cash to close$54,978$14,995$29,990