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$178,624$178,624$359,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$181,286$0
Funding fee$0$0$0
Note rate2.625%2.625%7.400%
Blended rate3.475%5.754%7.640%
1st payment$830.44$830.44$2,491.94
2nd payment$0.00$1,208.57$0.00
Taxes / mo$57.50$57.50$57.50
Insurance / mo$0.00$0.00$0.00
MI / mo$146.45$146.45$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,034.39$2,242.96$2,621.43
Cash to close$221,276$39,990$39,990