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$216,913$216,913$405,000
Remaining term (yrs)22.722.730.0
Secondary amount$0$188,087$0
Funding fee$0$0$0
Note rate4.140%4.140%7.400%
Blended rate4.990%6.388%7.640%
1st payment$1,225.19$1,225.19$2,804.14
2nd payment$0.00$1,253.91$0.00
Taxes / mo$184.75$184.75$184.75
Insurance / mo$150.00$150.00$150.00
MI / mo$178.74$178.74$81.00
HOA / mo$4.92$4.92$4.92
Total monthly$1,743.60$2,997.51$3,224.81
Cash to close$233,087$45,000$45,000