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$260,323$260,323$629,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$368,777$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.082%7.640%
1st payment$1,214.18$1,214.18$4,355.76
2nd payment$0.00$2,381.69$0.00
Taxes / mo$177.08$177.08$177.08
Insurance / mo$166.67$166.67$166.67
MI / mo$207.43$207.43$125.82
HOA / mo$43.33$43.33$43.33
Total monthly$1,808.69$4,190.38$4,868.66
Cash to close$438,677$69,900$69,900