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$216,554$216,554$331,200
Remaining term (yrs)24.124.130.0
Secondary amount$0$114,646$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%5.175%7.640%
1st payment$1,029.35$1,029.35$2,293.16
2nd payment$0.00$764.30$0.00
Taxes / mo$120.42$120.42$120.42
Insurance / mo$150.00$150.00$150.00
MI / mo$176.76$176.76$66.24
HOA / mo$112.00$112.00$112.00
Total monthly$1,588.53$2,352.83$2,741.82
Cash to close$151,446$36,800$36,800