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$290,157$290,157$481,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$191,343$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.638%7.640%
1st payment$1,459.35$1,459.35$3,333.81
2nd payment$0.00$1,275.62$0.00
Taxes / mo$175.50$175.50$175.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.12$238.12$96.30
HOA / mo$55.00$55.00$55.00
Total monthly$2,094.63$3,370.25$3,827.28
Cash to close$244,843$53,500$53,500