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$254,916$254,916$427,491
Remaining term (yrs)23.723.730.0
Secondary amount$0$172,575$0
Funding fee$0$0$0
Note rate3.260%3.260%7.400%
Blended rate4.110%5.680%7.640%
1st payment$1,283.12$1,283.12$2,959.86
2nd payment$0.00$1,150.50$0.00
Taxes / mo$115.33$115.33$115.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.58$208.58$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,773.70$2,924.20$3,327.36
Cash to close$220,074$47,499$47,499