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$86,692$86,692$314,910
Remaining term (yrs)24.324.330.0
Secondary amount$0$228,218$0
Funding fee$0$0$0
Note rate2.220%2.220%7.400%
Blended rate3.070%6.462%7.640%
1st payment$383.54$383.54$2,180.37
2nd payment$0.00$1,473.91$0.00
Taxes / mo$95.17$95.17$95.17
Insurance / mo$150.00$150.00$150.00
MI / mo$71.36$71.36$62.98
HOA / mo$158.00$158.00$158.00
Total monthly$858.07$2,331.98$2,646.52
Cash to close$263,208$34,990$34,990