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$267,282$267,282$607,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$340,218$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.946%7.640%
1st payment$1,266.38$1,266.38$4,206.21
2nd payment$0.00$2,197.24$0.00
Taxes / mo$277.75$277.75$277.75
Insurance / mo$166.67$166.67$166.67
MI / mo$218.31$218.31$121.50
HOA / mo$33.00$33.00$33.00
Total monthly$1,962.10$4,159.34$4,805.12
Cash to close$407,718$67,500$67,500