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$201,100$201,100$449,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$248,810$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.958%7.640%
1st payment$964.37$964.37$3,115.09
2nd payment$0.00$1,606.90$0.00
Taxes / mo$164.75$164.75$164.75
Insurance / mo$166.67$166.67$166.67
MI / mo$164.33$164.33$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,460.11$3,067.01$3,536.48
Cash to close$298,800$49,990$49,990