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$245,325$245,325$404,991
Remaining term (yrs)23.523.530.0
Secondary amount$0$159,666$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.686%7.640%
1st payment$1,249.60$1,249.60$2,804.08
2nd payment$0.00$1,064.44$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$150.00$150.00$150.00
MI / mo$201.35$201.35$81.00
HOA / mo$60.67$60.67$60.67
Total monthly$1,852.37$2,916.81$3,286.49
Cash to close$204,665$44,999$44,999