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$244,209$244,209$567,000
Remaining term (yrs)22.122.130.0
Secondary amount$0$322,791$0
Funding fee$0$0$0
Note rate4.900%4.900%7.400%
Blended rate5.750%6.889%7.640%
1st payment$1,503.78$1,503.78$3,925.79
2nd payment$0.00$2,084.69$0.00
Taxes / mo$218.08$218.08$218.08
Insurance / mo$166.67$166.67$166.67
MI / mo$200.70$200.70$113.40
HOA / mo$176.00$176.00$176.00
Total monthly$2,265.23$4,349.92$4,599.94
Cash to close$385,791$63,000$63,000