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$219,926$219,926$292,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$72,574$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.211%7.640%
1st payment$1,044.10$1,044.10$2,025.21
2nd payment$0.00$544.31$0.00
Taxes / mo$41.75$41.75$41.75
Insurance / mo$150.00$150.00$150.00
MI / mo$172.98$172.98$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,408.83$1,953.13$2,275.46
Cash to close$105,074$32,500$32,500