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$233,309$233,309$436,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$203,191$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.698%7.640%
1st payment$1,121.17$1,121.17$3,022.24
2nd payment$0.00$1,312.27$0.00
Taxes / mo$347.33$347.33$347.33
Insurance / mo$166.67$166.67$166.67
MI / mo$186.93$186.93$87.30
HOA / mo$29.17$29.17$29.17
Total monthly$1,851.27$3,163.54$3,652.71
Cash to close$251,691$48,500$48,500