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$225,616$225,616$330,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$104,684$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.076%7.640%
1st payment$1,054.70$1,054.70$2,286.93
2nd payment$0.00$697.89$0.00
Taxes / mo$123.50$123.50$123.50
Insurance / mo$150.00$150.00$150.00
MI / mo$180.18$180.18$66.06
HOA / mo$86.67$86.67$86.67
Total monthly$1,595.06$2,292.95$2,713.16
Cash to close$141,384$36,700$36,700