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$219,069$219,069$351,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$131,931$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.404%7.640%
1st payment$1,066.85$1,066.85$2,430.25
2nd payment$0.00$879.54$0.00
Taxes / mo$193.75$193.75$193.75
Insurance / mo$150.00$150.00$150.00
MI / mo$179.47$179.47$70.20
HOA / mo$78.00$78.00$78.00
Total monthly$1,668.07$2,547.61$2,922.20
Cash to close$170,931$39,000$39,000