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$234,812$234,812$332,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$97,288$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%5.903%7.640%
1st payment$1,273.52$1,273.52$2,299.39
2nd payment$0.00$729.66$0.00
Taxes / mo$126.58$126.58$126.58
Insurance / mo$150.00$150.00$150.00
MI / mo$194.31$194.31$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,744.42$2,474.07$2,642.40
Cash to close$134,188$36,900$36,900