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$207,312$207,312$253,800
Remaining term (yrs)24.824.830.0
Secondary amount$0$46,488$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.777%7.640%
1st payment$983.15$983.15$1,757.26
2nd payment$0.00$348.66$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.60$165.60$50.76
HOA / mo$64.00$64.00$64.00
Total monthly$1,486.75$1,835.41$2,146.02
Cash to close$74,688$28,200$28,200