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$221,022$221,022$445,050
Remaining term (yrs)24.024.030.0
Secondary amount$0$224,028$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.754%7.640%
1st payment$1,058.77$1,058.77$3,081.44
2nd payment$0.00$1,446.85$0.00
Taxes / mo$201.17$201.17$201.17
Insurance / mo$166.67$166.67$166.67
MI / mo$180.64$180.64$89.01
HOA / mo$115.00$115.00$115.00
Total monthly$1,722.25$3,169.10$3,653.28
Cash to close$273,478$49,450$49,450