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$209,699$209,699$305,100
Remaining term (yrs)23.623.630.0
Secondary amount$0$95,401$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.673%7.640%
1st payment$1,063.47$1,063.47$2,112.45
2nd payment$0.00$715.50$0.00
Taxes / mo$174.92$174.92$174.92
Insurance / mo$150.00$150.00$150.00
MI / mo$171.79$171.79$61.02
HOA / mo$75.00$75.00$75.00
Total monthly$1,635.17$2,350.68$2,573.39
Cash to close$129,301$33,900$33,900