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$323,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$111,298$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.203%7.640%
1st payment$1,020.00$1,020.00$2,243.30
2nd payment$0.00$741.99$0.00
Taxes / mo$89.17$89.17$89.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$64.80
HOA / mo$45.67$45.67$45.67
Total monthly$1,478.65$2,220.63$2,592.94
Cash to close$147,298$36,000$36,000