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$203,713$203,713$481,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$277,787$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.354%7.640%
1st payment$1,069.15$1,069.15$3,333.81
2nd payment$0.00$1,794.04$0.00
Taxes / mo$93.83$93.83$93.83
Insurance / mo$166.67$166.67$166.67
MI / mo$166.57$166.57$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,496.22$3,290.26$3,690.61
Cash to close$331,287$53,500$53,500