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$214,350$214,350$315,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$100,650$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.047%7.640%
1st payment$1,004.70$1,004.70$2,181.00
2nd payment$0.00$671.00$0.00
Taxes / mo$132.17$132.17$132.17
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$63.00
HOA / mo$387.00$387.00$387.00
Total monthly$1,846.84$2,517.84$2,913.16
Cash to close$135,650$35,000$35,000