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$247,925$247,925$562,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$314,575$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%6.168%7.640%
1st payment$1,257.33$1,257.33$3,894.64
2nd payment$0.00$2,031.63$0.00
Taxes / mo$168.67$168.67$168.67
Insurance / mo$166.67$166.67$166.67
MI / mo$203.10$203.10$112.50
HOA / mo$66.00$66.00$66.00
Total monthly$1,861.76$3,893.39$4,408.47
Cash to close$377,075$62,500$62,500