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$296,098$296,098$323,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$27,002$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.161%7.640%
1st payment$1,384.19$1,384.19$2,237.08
2nd payment$0.00$202.52$0.00
Taxes / mo$111.33$111.33$111.33
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$64.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,881.99$2,084.51$2,563.03
Cash to close$62,902$35,900$35,900