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$205,820$205,820$427,410
Remaining term (yrs)21.621.630.0
Secondary amount$0$221,590$0
Funding fee$0$0$0
Note rate4.470%4.470%7.400%
Blended rate5.320%6.580%7.640%
1st payment$1,234.44$1,234.44$2,959.30
2nd payment$0.00$1,431.10$0.00
Taxes / mo$257.00$257.00$257.00
Insurance / mo$166.67$166.67$166.67
MI / mo$173.18$173.18$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,831.28$3,262.39$3,468.45
Cash to close$269,080$47,490$47,490