Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$204,510$204,510$292,500
Remaining term (yrs)11.311.330.0
Secondary amount$0$87,990$0
Funding fee$0$0$0
Note rate4.000%4.000%7.400%
Blended rate4.850%6.098%7.640%
1st payment$1,861.92$1,861.92$2,025.21
2nd payment$0.00$659.93$0.00
Taxes / mo$170.83$170.83$170.83
Insurance / mo$150.00$150.00$150.00
MI / mo$276.25$276.25$58.50
HOA / mo$257.33$257.33$257.33
Total monthly$2,716.33$3,376.26$2,661.87
Cash to close$120,490$32,500$32,500