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$203,840$203,840$301,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$97,660$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.822%7.640%
1st payment$1,051.18$1,051.18$2,087.53
2nd payment$0.00$732.45$0.00
Taxes / mo$198.50$198.50$198.50
Insurance / mo$150.00$150.00$150.00
MI / mo$166.85$166.85$60.30
HOA / mo$75.00$75.00$75.00
Total monthly$1,641.53$2,373.98$2,571.33
Cash to close$131,160$33,500$33,500