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$205,658$205,658$328,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$122,842$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.790%7.640%
1st payment$1,096.41$1,096.41$2,274.47
2nd payment$0.00$818.95$0.00
Taxes / mo$168.42$168.42$168.42
Insurance / mo$150.00$150.00$150.00
MI / mo$170.40$170.40$65.70
HOA / mo$56.67$56.67$56.67
Total monthly$1,641.89$2,460.84$2,715.25
Cash to close$159,342$36,500$36,500