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$203,005$203,005$436,950
Remaining term (yrs)21.021.030.0
Secondary amount$0$233,945$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.347%7.640%
1st payment$1,176.06$1,176.06$3,025.35
2nd payment$0.00$1,510.90$0.00
Taxes / mo$183.67$183.67$183.67
Insurance / mo$166.67$166.67$166.67
MI / mo$177.05$177.05$87.39
HOA / mo$0.00$0.00$0.00
Total monthly$1,703.44$3,214.34$3,463.08
Cash to close$282,495$48,550$48,550