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$212,786$212,786$305,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$93,124$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%5.341%7.640%
1st payment$1,020.41$1,020.41$2,118.06
2nd payment$0.00$698.43$0.00
Taxes / mo$107.25$107.25$107.25
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$61.18
HOA / mo$70.00$70.00$70.00
Total monthly$1,521.54$2,219.96$2,506.49
Cash to close$127,114$33,990$33,990