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$267,485$267,485$332,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$64,615$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.755%7.640%
1st payment$1,246.15$1,246.15$2,299.39
2nd payment$0.00$484.61$0.00
Taxes / mo$156.75$156.75$156.75
Insurance / mo$150.00$150.00$150.00
MI / mo$212.61$212.61$66.42
HOA / mo$97.00$97.00$97.00
Total monthly$1,862.52$2,347.13$2,769.56
Cash to close$101,515$36,900$36,900