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$257,642$257,642$450,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$192,358$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.716%7.640%
1st payment$1,280.39$1,280.39$3,115.71
2nd payment$0.00$1,282.39$0.00
Taxes / mo$141.33$141.33$141.33
Insurance / mo$166.67$166.67$166.67
MI / mo$210.78$210.78$90.00
HOA / mo$62.00$62.00$62.00
Total monthly$1,861.17$3,143.56$3,575.71
Cash to close$242,358$50,000$50,000