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$224,781$224,781$517,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$292,719$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.438%7.640%
1st payment$1,302.22$1,302.22$3,583.07
2nd payment$0.00$1,890.47$0.00
Taxes / mo$114.25$114.25$114.25
Insurance / mo$166.67$166.67$166.67
MI / mo$196.04$196.04$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,779.17$3,669.65$3,967.48
Cash to close$350,219$57,500$57,500