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$184,809$184,809$575,910
Remaining term (yrs)18.818.830.0
Secondary amount$0$391,101$0
Funding fee$0$0$0
Note rate2.600%2.600%7.400%
Blended rate3.450%6.370%7.640%
1st payment$1,031.55$1,031.55$3,987.48
2nd payment$0.00$2,525.86$0.00
Taxes / mo$191.50$191.50$191.50
Insurance / mo$166.67$166.67$166.67
MI / mo$161.06$161.06$115.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,550.78$4,076.64$4,460.83
Cash to close$455,091$63,990$63,990