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$213,620$213,620$296,910
Remaining term (yrs)25.825.830.0
Secondary amount$0$83,290$0
Funding fee$0$0$0
Note rate5.230%5.230%7.400%
Blended rate6.080%6.899%7.640%
1st payment$1,255.76$1,255.76$2,055.74
2nd payment$0.00$624.67$0.00
Taxes / mo$70.83$70.83$70.83
Insurance / mo$150.00$150.00$150.00
MI / mo$161.44$161.44$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,638.04$2,262.71$2,335.96
Cash to close$116,280$32,990$32,990