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$216,898$216,898$306,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$89,102$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.300%7.640%
1st payment$1,020.67$1,020.67$2,118.68
2nd payment$0.00$668.27$0.00
Taxes / mo$103.33$103.33$103.33
Insurance / mo$150.00$150.00$150.00
MI / mo$173.03$173.03$61.20
HOA / mo$33.00$33.00$33.00
Total monthly$1,480.04$2,148.30$2,466.22
Cash to close$123,102$34,000$34,000