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$187,562$187,562$269,955
Remaining term (yrs)25.025.030.0
Secondary amount$0$82,393$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.311%7.640%
1st payment$871.91$871.91$1,869.11
2nd payment$0.00$617.95$0.00
Taxes / mo$72.42$72.42$72.42
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$53.99
HOA / mo$250.00$250.00$250.00
Total monthly$1,493.86$2,111.81$2,395.52
Cash to close$112,388$29,995$29,995