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$289,827$289,827$395,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$105,273$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.926%7.640%
1st payment$1,400.30$1,400.30$2,735.59
2nd payment$0.00$701.82$0.00
Taxes / mo$108.17$108.17$108.17
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$79.02
HOA / mo$51.33$51.33$51.33
Total monthly$1,946.26$2,648.08$3,124.11
Cash to close$149,173$43,900$43,900