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$227,933$227,933$337,410
Remaining term (yrs)23.723.730.0
Secondary amount$0$109,477$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.298%7.640%
1st payment$1,134.21$1,134.21$2,336.16
2nd payment$0.00$729.85$0.00
Taxes / mo$158.58$158.58$158.58
Insurance / mo$150.00$150.00$150.00
MI / mo$186.95$186.95$67.48
HOA / mo$162.00$162.00$162.00
Total monthly$1,791.75$2,521.60$2,874.22
Cash to close$146,967$37,490$37,490