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$195,232$195,232$328,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$133,268$0
Funding fee$0$0$0
Note rate2.680%2.680%7.400%
Blended rate3.530%5.343%7.640%
1st payment$908.66$908.66$2,274.47
2nd payment$0.00$888.45$0.00
Taxes / mo$110.08$110.08$110.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.10$159.10$65.70
HOA / mo$116.00$116.00$116.00
Total monthly$1,443.84$2,332.29$2,716.25
Cash to close$169,768$36,500$36,500