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$217,921$217,921$333,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$115,079$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.775%7.640%
1st payment$1,182.29$1,182.29$2,305.62
2nd payment$0.00$767.19$0.00
Taxes / mo$96.39$96.39$96.39
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,609.51$2,376.70$2,618.61
Cash to close$152,079$37,000$37,000