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$224,080$224,080$409,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$185,420$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%5.800%7.640%
1st payment$1,115.34$1,115.34$2,835.30
2nd payment$0.00$1,236.13$0.00
Taxes / mo$126.25$126.25$126.25
Insurance / mo$166.67$166.67$166.67
MI / mo$184.31$184.31$81.90
HOA / mo$105.00$105.00$105.00
Total monthly$1,697.57$2,933.70$3,315.11
Cash to close$230,920$45,500$45,500