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$209,303$209,303$454,500
Remaining term (yrs)20.420.430.0
Secondary amount$0$245,197$0
Funding fee$0$0$0
Note rate4.150%4.150%7.400%
Blended rate5.000%6.484%7.640%
1st payment$1,264.84$1,264.84$3,146.87
2nd payment$0.00$1,583.56$0.00
Taxes / mo$173.83$173.83$173.83
Insurance / mo$166.67$166.67$166.67
MI / mo$184.31$184.31$90.90
HOA / mo$51.50$51.50$51.50
Total monthly$1,841.15$3,424.71$3,629.77
Cash to close$295,697$50,500$50,500