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$193,008$193,008$315,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$121,992$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%5.947%7.640%
1st payment$1,052.29$1,052.29$2,181.00
2nd payment$0.00$813.28$0.00
Taxes / mo$191.50$191.50$191.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$63.00
HOA / mo$52.00$52.00$52.00
Total monthly$1,605.76$2,419.04$2,637.50
Cash to close$156,992$35,000$35,000