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$203,872$203,872$312,290
Remaining term (yrs)23.723.730.0
Secondary amount$0$108,418$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.441%7.640%
1st payment$1,022.99$1,022.99$2,162.23
2nd payment$0.00$722.79$0.00
Taxes / mo$134.17$134.17$134.17
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$62.46
HOA / mo$85.00$85.00$85.00
Total monthly$1,559.08$2,281.86$2,593.86
Cash to close$143,117$34,699$34,699