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$208,760$208,760$341,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$133,150$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.924%7.640%
1st payment$1,129.99$1,129.99$2,367.32
2nd payment$0.00$887.67$0.00
Taxes / mo$170.08$170.08$170.08
Insurance / mo$150.00$150.00$150.00
MI / mo$172.83$172.83$68.38
HOA / mo$52.33$52.33$52.33
Total monthly$1,675.24$2,562.91$2,808.11
Cash to close$171,140$37,990$37,990