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$166,892$166,892$351,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$184,108$0
Funding fee$0$0$0
Note rate4.200%4.200%7.400%
Blended rate5.050%6.597%7.640%
1st payment$1,007.85$1,007.85$2,430.25
2nd payment$0.00$1,227.39$0.00
Taxes / mo$236.75$236.75$236.75
Insurance / mo$150.00$150.00$150.00
MI / mo$145.99$145.99$70.20
HOA / mo$68.00$68.00$68.00
Total monthly$1,608.59$2,835.97$2,955.20
Cash to close$223,108$39,000$39,000