Sophia Sommer

(602) 512-9825
The Sommer Group
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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$200,846$200,846$310,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$109,654$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.212%7.640%
1st payment$931.55$931.55$2,149.84
2nd payment$0.00$731.03$0.00
Taxes / mo$165.92$165.92$165.92
Insurance / mo$150.00$150.00$150.00
MI / mo$159.76$159.76$62.10
HOA / mo$75.00$75.00$75.00
Total monthly$1,482.22$2,213.25$2,602.86
Cash to close$144,154$34,500$34,500