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$202,649$202,649$400,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$197,851$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%6.148%7.640%
1st payment$1,056.54$1,056.54$2,772.98
2nd payment$0.00$1,319.01$0.00
Taxes / mo$70.08$70.08$70.08
Insurance / mo$150.00$150.00$150.00
MI / mo$166.87$166.87$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,443.50$2,762.51$3,073.16
Cash to close$242,351$44,500$44,500