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$201,606$201,606$386,100
Remaining term (yrs)20.020.030.0
Secondary amount$0$184,494$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.063%7.640%
1st payment$1,159.67$1,159.67$2,673.28
2nd payment$0.00$1,229.96$0.00
Taxes / mo$185.50$185.50$185.50
Insurance / mo$150.00$150.00$150.00
MI / mo$184.30$184.30$77.22
HOA / mo$82.00$82.00$82.00
Total monthly$1,761.47$2,991.43$3,168.00
Cash to close$227,394$42,900$42,900