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$211,294$211,294$697,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$486,206$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%6.608%7.640%
1st payment$1,046.76$1,046.76$4,829.35
2nd payment$0.00$3,140.08$0.00
Taxes / mo$204.75$204.75$204.75
Insurance / mo$216.67$216.67$216.67
MI / mo$172.98$172.98$139.50
HOA / mo$112.00$112.00$112.00
Total monthly$1,753.15$4,893.23$5,502.27
Cash to close$563,706$77,500$77,500