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$214,611$214,611$436,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$221,889$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%5.700%7.640%
1st payment$999.52$999.52$3,022.24
2nd payment$0.00$1,433.03$0.00
Taxes / mo$67.33$67.33$67.33
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,407.39$2,840.42$3,343.54
Cash to close$270,389$48,500$48,500