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$207,947$207,947$234,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$26,053$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%4.494%7.640%
1st payment$1,003.72$1,003.72$1,620.17
2nd payment$0.00$195.40$0.00
Taxes / mo$133.92$133.92$133.92
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$46.80
HOA / mo$88.00$88.00$88.00
Total monthly$1,542.56$1,737.95$2,038.89
Cash to close$52,053$26,000$26,000