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$178,650$178,650$719,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$540,450$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%6.702%7.640%
1st payment$831.48$831.48$4,978.90
2nd payment$0.00$3,490.41$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$216.67$216.67$216.67
MI / mo$145.59$145.59$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,556.23$5,046.64$5,701.89
Cash to close$620,350$79,900$79,900