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$243,736$243,736$314,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$71,174$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.998%7.640%
1st payment$1,155.89$1,155.89$2,180.37
2nd payment$0.00$533.81$0.00
Taxes / mo$155.67$155.67$155.67
Insurance / mo$150.00$150.00$150.00
MI / mo$194.70$194.70$62.98
HOA / mo$80.00$80.00$80.00
Total monthly$1,736.25$2,270.06$2,629.02
Cash to close$106,164$34,990$34,990