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$206,619$206,619$404,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$198,291$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.923%7.640%
1st payment$995.06$995.06$2,803.52
2nd payment$0.00$1,321.94$0.00
Taxes / mo$165.25$165.25$165.25
Insurance / mo$150.00$150.00$150.00
MI / mo$165.48$165.48$80.98
HOA / mo$53.33$53.33$53.33
Total monthly$1,529.13$2,851.07$3,253.08
Cash to close$243,281$44,990$44,990