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$187,990$187,990$404,100
Remaining term (yrs)22.722.730.0
Secondary amount$0$216,110$0
Funding fee$0$0$0
Note rate4.070%4.070%7.400%
Blended rate4.920%6.433%7.640%
1st payment$1,054.66$1,054.66$2,797.91
2nd payment$0.00$1,395.71$0.00
Taxes / mo$87.25$87.25$87.25
Insurance / mo$150.00$150.00$150.00
MI / mo$155.16$155.16$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,447.07$2,842.78$3,115.98
Cash to close$261,010$44,900$44,900