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$191,130$191,130$288,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$96,870$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.735%7.640%
1st payment$959.05$959.05$1,994.05
2nd payment$0.00$726.53$0.00
Taxes / mo$158.42$158.42$158.42
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$57.60
HOA / mo$91.00$91.00$91.00
Total monthly$1,514.96$2,241.48$2,451.07
Cash to close$128,870$32,000$32,000