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$257,744$257,744$314,010
Remaining term (yrs)24.524.530.0
Secondary amount$0$56,266$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.584%7.640%
1st payment$1,205.66$1,205.66$2,174.14
2nd payment$0.00$421.99$0.00
Taxes / mo$188.83$188.83$188.83
Insurance / mo$150.00$150.00$150.00
MI / mo$208.65$208.65$62.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,753.15$2,175.14$2,575.78
Cash to close$91,156$34,890$34,890