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$233,662$233,662$472,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$238,838$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.128%7.640%
1st payment$1,242.84$1,242.84$3,271.49
2nd payment$0.00$1,542.50$0.00
Taxes / mo$250.25$250.25$250.25
Insurance / mo$166.67$166.67$166.67
MI / mo$193.16$193.16$94.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,907.91$3,450.41$3,837.91
Cash to close$291,338$52,500$52,500