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$188,767$188,767$261,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$72,233$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%5.239%7.640%
1st payment$894.30$894.30$1,807.11
2nd payment$0.00$541.75$0.00
Taxes / mo$134.25$134.25$134.25
Insurance / mo$150.00$150.00$150.00
MI / mo$151.22$151.22$52.20
HOA / mo$81.00$81.00$81.00
Total monthly$1,410.76$1,952.51$2,224.56
Cash to close$101,233$29,000$29,000