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$200,253$200,253$341,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$141,657$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.417%7.640%
1st payment$935.89$935.89$2,367.32
2nd payment$0.00$944.38$0.00
Taxes / mo$88.17$88.17$88.17
Insurance / mo$150.00$150.00$150.00
MI / mo$162.60$162.60$68.38
HOA / mo$58.00$58.00$58.00
Total monthly$1,394.66$2,339.03$2,731.86
Cash to close$179,647$37,990$37,990