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$239,932$239,932$404,910
Remaining term (yrs)22.622.630.0
Secondary amount$0$164,978$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.216%7.640%
1st payment$1,358.19$1,358.19$2,803.52
2nd payment$0.00$1,099.85$0.00
Taxes / mo$131.92$131.92$131.92
Insurance / mo$150.00$150.00$150.00
MI / mo$198.15$198.15$80.98
HOA / mo$56.67$56.67$56.67
Total monthly$1,894.93$2,994.78$3,223.08
Cash to close$209,968$44,990$44,990