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$226,130$226,130$265,410
Remaining term (yrs)24.524.530.0
Secondary amount$0$39,280$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.450%7.640%
1st payment$1,062.41$1,062.41$1,837.65
2nd payment$0.00$294.60$0.00
Taxes / mo$170.42$170.42$170.42
Insurance / mo$150.00$150.00$150.00
MI / mo$182.91$182.91$53.08
HOA / mo$86.00$86.00$86.00
Total monthly$1,651.74$1,946.33$2,297.14
Cash to close$68,770$29,490$29,490