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$29,300$29,300$238,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$209,200$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%7.336%7.640%
1st payment$194.72$194.72$1,651.33
2nd payment$0.00$1,351.08$0.00
Taxes / mo$62.42$62.42$62.42
Insurance / mo$150.00$150.00$150.00
MI / mo$30.60$30.60$47.70
HOA / mo$127.00$127.00$127.00
Total monthly$564.74$1,915.82$2,038.44
Cash to close$235,700$26,500$26,500