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$212,701$212,701$594,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$381,299$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.665%7.640%
1st payment$1,296.09$1,296.09$4,112.74
2nd payment$0.00$2,462.55$0.00
Taxes / mo$394.42$394.42$394.42
Insurance / mo$166.67$166.67$166.67
MI / mo$195.35$195.35$118.80
HOA / mo$79.00$79.00$79.00
Total monthly$2,131.53$4,594.08$4,871.62
Cash to close$447,299$66,000$66,000