Sophia Sommer

(602) 512-9825
The Sommer Group
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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$206,510$206,510$562,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$355,900$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%6.270%7.640%
1st payment$965.39$965.39$3,894.01
2nd payment$0.00$2,298.52$0.00
Taxes / mo$99.42$99.42$99.42
Insurance / mo$166.67$166.67$166.67
MI / mo$164.92$164.92$112.48
HOA / mo$22.67$22.67$22.67
Total monthly$1,419.07$3,717.59$4,295.25
Cash to close$418,390$62,490$62,490