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$189,275$189,275$472,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$283,225$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.432%7.640%
1st payment$1,118.03$1,118.03$3,271.49
2nd payment$0.00$1,829.16$0.00
Taxes / mo$325.08$325.08$325.08
Insurance / mo$166.67$166.67$166.67
MI / mo$173.97$173.97$94.50
HOA / mo$143.00$143.00$143.00
Total monthly$1,926.75$3,755.91$4,000.74
Cash to close$335,725$52,500$52,500