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$199,505$199,505$297,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$97,495$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.534%7.640%
1st payment$971.58$971.58$2,056.37
2nd payment$0.00$731.21$0.00
Taxes / mo$134.75$134.75$134.75
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$59.40
HOA / mo$60.67$60.67$60.67
Total monthly$1,480.44$2,211.66$2,461.19
Cash to close$130,495$33,000$33,000