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$235,750$235,750$283,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$47,660$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.616%7.640%
1st payment$1,098.31$1,098.31$1,962.27
2nd payment$0.00$357.45$0.00
Taxes / mo$90.92$90.92$90.92
Insurance / mo$150.00$150.00$150.00
MI / mo$187.39$187.39$56.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,526.61$1,884.06$2,259.87
Cash to close$79,150$31,490$31,490