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$222,510$222,510$333,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$110,490$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.528%7.640%
1st payment$1,094.30$1,094.30$2,305.62
2nd payment$0.00$736.60$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.70$173.70$66.60
HOA / mo$82.00$82.00$82.00
Total monthly$1,600.00$2,336.60$2,704.22
Cash to close$147,490$37,000$37,000