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$207,222$207,222$256,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$49,278$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.686%7.640%
1st payment$973.57$973.57$1,775.95
2nd payment$0.00$369.58$0.00
Taxes / mo$88.08$88.08$88.08
Insurance / mo$150.00$150.00$150.00
MI / mo$167.62$167.62$51.30
HOA / mo$105.00$105.00$105.00
Total monthly$1,484.27$1,853.86$2,170.34
Cash to close$77,778$28,500$28,500