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$210,132$210,132$382,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$172,368$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.967%7.640%
1st payment$1,081.17$1,081.17$2,648.35
2nd payment$0.00$1,149.12$0.00
Taxes / mo$107.58$107.58$107.58
Insurance / mo$150.00$150.00$150.00
MI / mo$171.61$171.61$76.50
HOA / mo$71.00$71.00$71.00
Total monthly$1,581.36$2,730.48$3,053.44
Cash to close$214,868$42,500$42,500