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$238,669$238,669$377,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$139,241$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.099%7.640%
1st payment$1,351.04$1,351.04$2,616.57
2nd payment$0.00$928.27$0.00
Taxes / mo$134.92$134.92$134.92
Insurance / mo$150.00$150.00$150.00
MI / mo$197.11$197.11$75.58
HOA / mo$65.00$65.00$65.00
Total monthly$1,898.06$2,826.34$3,042.07
Cash to close$181,231$41,990$41,990