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$282,117$282,117$296,996
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,378$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.599%7.640%
1st payment$1,335.09$1,335.09$2,056.34
2nd payment$0.00$310.51$0.00
Taxes / mo$79.33$79.33$79.33
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$59.40
HOA / mo$112.00$112.00$112.00
Total monthly$1,902.46$2,212.97$2,457.07
Cash to close$47,878$16,500$33,000