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$202,299$202,299$341,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$139,700$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.912%7.640%
1st payment$1,078.51$1,078.51$2,367.93
2nd payment$0.00$931.33$0.00
Taxes / mo$152.00$152.00$152.00
Insurance / mo$150.00$150.00$150.00
MI / mo$167.62$167.62$68.40
HOA / mo$92.00$92.00$92.00
Total monthly$1,640.12$2,571.45$2,830.33
Cash to close$177,700$38,000$38,000