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$205,286$205,286$256,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$51,214$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.830%7.640%
1st payment$992.07$992.07$1,775.95
2nd payment$0.00$384.11$0.00
Taxes / mo$49.50$49.50$49.50
Insurance / mo$150.00$150.00$150.00
MI / mo$167.96$167.96$51.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,359.54$1,743.64$2,026.75
Cash to close$79,714$28,500$28,500