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$192,205$192,205$328,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$136,295$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.548%7.640%
1st payment$911.58$911.58$2,274.47
2nd payment$0.00$908.63$0.00
Taxes / mo$75.50$75.50$75.50
Insurance / mo$150.00$150.00$150.00
MI / mo$153.94$153.94$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,291.02$2,199.65$2,565.67
Cash to close$172,795$36,500$36,500