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$248,200$248,200$391,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$143,300$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.470%7.640%
1st payment$1,233.47$1,233.47$2,710.67
2nd payment$0.00$955.33$0.00
Taxes / mo$208.75$208.75$208.75
Insurance / mo$150.00$150.00$150.00
MI / mo$203.05$203.05$78.30
HOA / mo$98.00$98.00$98.00
Total monthly$1,893.27$2,848.61$3,245.72
Cash to close$186,800$43,500$43,500