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$199,728$199,728$265,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$65,772$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.096%7.640%
1st payment$947.26$947.26$1,838.27
2nd payment$0.00$493.29$0.00
Taxes / mo$89.83$89.83$89.83
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$53.10
HOA / mo$57.00$57.00$57.00
Total monthly$1,404.06$1,897.35$2,188.20
Cash to close$95,272$29,500$29,500