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$270,233$270,233$386,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$116,677$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.101%7.640%
1st payment$1,308.14$1,308.14$2,678.89
2nd payment$0.00$777.85$0.00
Taxes / mo$118.92$118.92$118.92
Insurance / mo$150.00$150.00$150.00
MI / mo$219.78$219.78$77.38
HOA / mo$165.00$165.00$165.00
Total monthly$1,961.83$2,739.68$3,190.19
Cash to close$159,667$42,990$42,990