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$224,356$224,356$616,410
Remaining term (yrs)20.520.530.0
Secondary amount$0$392,054$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.767%7.640%
1st payment$1,354.87$1,354.87$4,267.90
2nd payment$0.00$2,532.01$0.00
Taxes / mo$218.67$218.67$218.67
Insurance / mo$166.67$166.67$166.67
MI / mo$196.25$196.25$123.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,936.46$4,468.47$4,776.51
Cash to close$460,544$68,490$68,490