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$256,043$256,043$355,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$99,457$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.413%7.640%
1st payment$1,247.92$1,247.92$2,461.41
2nd payment$0.00$745.93$0.00
Taxes / mo$172.00$172.00$172.00
Insurance / mo$150.00$150.00$150.00
MI / mo$205.17$205.17$71.10
HOA / mo$67.00$67.00$67.00
Total monthly$1,842.09$2,588.02$2,921.51
Cash to close$138,957$39,500$39,500