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$229,198$229,198$349,200
Remaining term (yrs)24.724.730.0
Secondary amount$0$120,002$0
Funding fee$0$0$0
Note rate2.360%2.360%7.400%
Blended rate3.210%4.856%7.640%
1st payment$1,017.12$1,017.12$2,417.79
2nd payment$0.00$800.01$0.00
Taxes / mo$221.03$221.03$221.03
Insurance / mo$150.00$150.00$150.00
MI / mo$185.74$185.74$69.84
HOA / mo$82.00$82.00$82.00
Total monthly$1,655.90$2,455.91$2,940.66
Cash to close$158,802$38,800$38,800