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$257,615$257,615$431,999
Remaining term (yrs)23.523.530.0
Secondary amount$0$174,384$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.722%7.640%
1st payment$1,312.20$1,312.20$2,991.07
2nd payment$0.00$1,162.56$0.00
Taxes / mo$168.33$168.33$168.33
Insurance / mo$166.67$166.67$166.67
MI / mo$211.43$211.43$86.40
HOA / mo$70.00$70.00$70.00
Total monthly$1,928.63$3,091.19$3,482.47
Cash to close$222,384$48,000$48,000