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$174,403$174,403$328,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$154,097$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.733%7.640%
1st payment$887.81$887.81$2,274.47
2nd payment$0.00$1,027.32$0.00
Taxes / mo$86.83$86.83$86.83
Insurance / mo$150.00$150.00$150.00
MI / mo$141.51$141.51$65.70
HOA / mo$38.00$38.00$38.00
Total monthly$1,304.15$2,331.47$2,615.00
Cash to close$190,597$36,500$36,500