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$228,491$228,491$481,500
Remaining term (yrs)20.320.330.0
Secondary amount$0$253,009$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.469%7.640%
1st payment$1,390.47$1,390.47$3,333.81
2nd payment$0.00$1,634.01$0.00
Taxes / mo$311.25$311.25$311.25
Insurance / mo$166.67$166.67$166.67
MI / mo$201.41$201.41$96.30
HOA / mo$92.67$92.67$92.67
Total monthly$2,162.47$3,796.48$4,000.70
Cash to close$306,509$53,500$53,500