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$206,886$206,886$233,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$27,024$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.330%7.640%
1st payment$969.36$969.36$1,619.55
2nd payment$0.00$202.68$0.00
Taxes / mo$124.00$124.00$124.00
Insurance / mo$150.00$150.00$150.00
MI / mo$165.60$165.60$46.78
HOA / mo$64.00$64.00$64.00
Total monthly$1,472.96$1,675.64$2,004.33
Cash to close$53,014$25,990$25,990