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$217,513$217,513$274,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$56,987$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.824%7.640%
1st payment$1,039.48$1,039.48$1,900.58
2nd payment$0.00$427.40$0.00
Taxes / mo$85.08$85.08$85.08
Insurance / mo$214.21$214.21$214.21
MI / mo$177.35$177.35$54.90
HOA / mo$86.33$86.33$86.33
Total monthly$1,602.46$2,029.86$2,341.11
Cash to close$87,487$30,500$30,500