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$194,841$194,841$261,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$66,159$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.939%7.640%
1st payment$894.84$894.84$1,807.11
2nd payment$0.00$496.19$0.00
Taxes / mo$124.50$124.50$124.50
Insurance / mo$150.00$150.00$150.00
MI / mo$156.07$156.07$52.20
HOA / mo$55.00$55.00$55.00
Total monthly$1,380.41$1,876.60$2,188.81
Cash to close$95,159$29,000$29,000