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$204,060$204,060$526,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$322,440$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.533%7.640%
1st payment$1,273.07$1,273.07$3,645.38
2nd payment$0.00$2,082.43$0.00
Taxes / mo$205.08$205.08$205.08
Insurance / mo$166.67$166.67$166.67
MI / mo$194.48$194.48$105.30
HOA / mo$105.00$105.00$105.00
Total monthly$1,944.29$4,026.72$4,227.43
Cash to close$380,940$58,500$58,500