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$193,091$193,091$341,910
Remaining term (yrs)23.123.130.0
Secondary amount$0$148,819$0
Funding fee$0$0$0
Note rate3.810%3.810%7.400%
Blended rate4.660%6.114%7.640%
1st payment$1,044.32$1,044.32$2,367.32
2nd payment$0.00$992.12$0.00
Taxes / mo$129.33$129.33$129.33
Insurance / mo$150.00$150.00$150.00
MI / mo$158.56$158.56$68.38
HOA / mo$96.00$96.00$96.00
Total monthly$1,578.21$2,570.34$2,811.03
Cash to close$186,809$37,990$37,990