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$232,272$232,272$247,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$28,978$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.758%7.640%
1st payment$1,116.42$1,116.42$1,713.64
2nd payment$0.00$286.76$0.00
Taxes / mo$100.17$100.17$100.17
Insurance / mo$150.00$150.00$150.00
MI / mo$187.09$187.09$49.50
HOA / mo$55.00$55.00$55.00
Total monthly$1,608.68$1,895.44$2,068.31
Cash to close$42,728$13,750$27,500