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$207,323$207,323$432,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$224,677$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.787%7.640%
1st payment$974.05$974.05$2,991.08
2nd payment$0.00$1,451.04$0.00
Taxes / mo$127.17$127.17$127.17
Insurance / mo$166.67$166.67$166.67
MI / mo$167.70$167.70$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,435.58$2,886.62$3,371.31
Cash to close$272,677$48,000$48,000