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$203,556$203,556$323,991
Remaining term (yrs)24.524.530.0
Secondary amount$0$120,435$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.424%7.640%
1st payment$981.57$981.57$2,243.25
2nd payment$0.00$802.90$0.00
Taxes / mo$183.83$183.83$183.83
Insurance / mo$150.00$150.00$150.00
MI / mo$163.86$163.86$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,479.27$2,282.17$2,641.88
Cash to close$156,434$35,999$35,999