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$192,967$192,967$206,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$25,438$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.767%7.640%
1st payment$904.98$904.98$1,432.60
2nd payment$0.00$251.73$0.00
Taxes / mo$72.75$72.75$72.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.43$152.43$41.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,280.16$1,531.89$1,696.74
Cash to close$36,933$11,495$22,990