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$226,038$226,038$467,910
Remaining term (yrs)22.522.530.0
Secondary amount$0$241,872$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.571%7.640%
1st payment$1,324.92$1,324.92$3,239.71
2nd payment$0.00$1,562.09$0.00
Taxes / mo$177.83$177.83$177.83
Insurance / mo$166.67$166.67$166.67
MI / mo$186.09$186.09$93.58
HOA / mo$101.00$101.00$101.00
Total monthly$1,956.51$3,518.60$3,778.80
Cash to close$293,862$51,990$51,990