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$186,307$186,307$629,999
Remaining term (yrs)15.815.830.0
Secondary amount$0$443,692$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.833%7.640%
1st payment$1,301.47$1,301.47$4,361.99
2nd payment$0.00$2,865.51$0.00
Taxes / mo$247.75$247.75$247.75
Insurance / mo$166.67$166.67$166.67
MI / mo$197.85$197.85$126.00
HOA / mo$68.67$68.67$68.67
Total monthly$1,982.40$4,847.91$4,971.07
Cash to close$513,692$70,000$70,000