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$208,393$208,393$347,850
Remaining term (yrs)24.224.230.0
Secondary amount$0$139,457$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.346%7.640%
1st payment$976.50$976.50$2,408.44
2nd payment$0.00$929.71$0.00
Taxes / mo$207.67$207.67$207.67
Insurance / mo$150.00$150.00$150.00
MI / mo$170.09$170.09$69.57
HOA / mo$52.00$52.00$52.00
Total monthly$1,556.26$2,485.97$2,887.68
Cash to close$178,107$38,650$38,650