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$214,735$214,735$476,820
Remaining term (yrs)23.323.330.0
Secondary amount$0$262,085$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.322%7.640%
1st payment$1,147.01$1,147.01$3,301.41
2nd payment$0.00$1,692.63$0.00
Taxes / mo$185.33$185.33$185.33
Insurance / mo$166.67$166.67$166.67
MI / mo$175.87$175.87$95.36
HOA / mo$106.67$106.67$106.67
Total monthly$1,781.54$3,474.17$3,855.44
Cash to close$315,065$52,980$52,980