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$203,751$203,751$535,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$331,749$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%6.445%7.640%
1st payment$1,168.45$1,168.45$3,707.69
2nd payment$0.00$2,142.55$0.00
Taxes / mo$188.21$188.21$188.21
Insurance / mo$166.67$166.67$166.67
MI / mo$185.00$185.00$107.10
HOA / mo$30.00$30.00$30.00
Total monthly$1,738.34$3,880.88$4,199.67
Cash to close$391,249$59,500$59,500