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$230,276$230,276$283,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$53,224$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%4.598%7.640%
1st payment$1,075.04$1,075.04$1,962.90
2nd payment$0.00$399.18$0.00
Taxes / mo$164.08$164.08$164.08
Insurance / mo$150.00$150.00$150.00
MI / mo$187.01$187.01$56.70
HOA / mo$91.00$91.00$91.00
Total monthly$1,667.13$2,066.31$2,424.68
Cash to close$84,724$31,500$31,500