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$212,268$212,268$341,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$128,832$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%5.878%7.640%
1st payment$1,134.97$1,134.97$2,361.71
2nd payment$0.00$858.88$0.00
Taxes / mo$85.92$85.92$85.92
Insurance / mo$150.00$150.00$150.00
MI / mo$173.81$173.81$68.22
HOA / mo$115.00$115.00$115.00
Total monthly$1,659.69$2,518.57$2,780.84
Cash to close$166,732$37,900$37,900