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$212,838$212,838$449,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$237,072$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.189%7.640%
1st payment$1,252.49$1,252.49$3,115.09
2nd payment$0.00$1,531.09$0.00
Taxes / mo$194.92$194.92$194.92
Insurance / mo$166.67$166.67$166.67
MI / mo$195.14$195.14$89.98
HOA / mo$53.00$53.00$53.00
Total monthly$1,862.21$3,393.30$3,619.65
Cash to close$287,062$49,990$49,990