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$214,744$214,744$296,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$82,166$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%5.311%7.640%
1st payment$1,033.17$1,033.17$2,055.74
2nd payment$0.00$616.24$0.00
Taxes / mo$155.83$155.83$155.83
Insurance / mo$150.00$150.00$150.00
MI / mo$172.48$172.48$59.38
HOA / mo$142.00$142.00$142.00
Total monthly$1,653.48$2,269.73$2,562.96
Cash to close$115,156$32,990$32,990