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$197,174$197,174$322,200
Remaining term (yrs)22.522.530.0
Secondary amount$0$125,026$0
Funding fee$0$0$0
Note rate4.170%4.170%7.400%
Blended rate5.020%6.176%7.640%
1st payment$1,124.34$1,124.34$2,230.85
2nd payment$0.00$833.51$0.00
Taxes / mo$108.42$108.42$108.42
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$64.44
HOA / mo$178.00$178.00$178.00
Total monthly$1,724.20$2,557.70$2,731.70
Cash to close$160,826$35,800$35,800