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$112,018$112,018$333,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$220,982$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%6.374%7.640%
1st payment$526.28$526.28$2,305.62
2nd payment$0.00$1,427.18$0.00
Taxes / mo$105.58$105.58$105.58
Insurance / mo$150.00$150.00$150.00
MI / mo$90.61$90.61$66.60
HOA / mo$54.00$54.00$54.00
Total monthly$926.48$2,353.65$2,681.81
Cash to close$257,982$37,000$37,000