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$236,683$236,683$249,750
Remaining term (yrs)25.125.130.0
Secondary amount$0$26,942$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.733%7.640%
1st payment$1,123.57$1,123.57$1,729.22
2nd payment$0.00$266.62$0.00
Taxes / mo$84.17$84.17$84.17
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$49.95
HOA / mo$25.00$25.00$25.00
Total monthly$1,569.82$1,836.44$2,038.34
Cash to close$40,817$13,875$27,750