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$252,954$252,954$353,700
Remaining term (yrs)24.724.730.0
Secondary amount$0$100,746$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.003%7.640%
1st payment$1,199.70$1,199.70$2,448.95
2nd payment$0.00$671.64$0.00
Taxes / mo$165.58$165.58$165.58
Insurance / mo$150.00$150.00$150.00
MI / mo$202.60$202.60$70.74
HOA / mo$162.00$162.00$162.00
Total monthly$1,879.88$2,551.52$2,997.27
Cash to close$140,046$39,300$39,300