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$225,186$225,186$313,200
Remaining term (yrs)25.025.030.0
Secondary amount$0$88,014$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.225%7.640%
1st payment$1,051.42$1,051.42$2,168.53
2nd payment$0.00$660.11$0.00
Taxes / mo$179.50$179.50$179.50
Insurance / mo$150.00$150.00$150.00
MI / mo$178.93$178.93$62.64
HOA / mo$78.33$78.33$78.33
Total monthly$1,638.18$2,298.28$2,639.00
Cash to close$122,814$34,800$34,800