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$214,931$214,931$360,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$145,069$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%5.403%7.640%
1st payment$1,003.97$1,003.97$2,492.57
2nd payment$0.00$967.12$0.00
Taxes / mo$67.92$67.92$67.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.07$173.07$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,394.96$2,362.09$2,782.48
Cash to close$185,069$40,000$40,000