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$233,899$233,899$328,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$94,601$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.347%7.640%
1st payment$1,114.10$1,114.10$2,274.47
2nd payment$0.00$709.51$0.00
Taxes / mo$96.33$96.33$96.33
Insurance / mo$150.00$150.00$150.00
MI / mo$186.70$186.70$65.70
HOA / mo$86.33$86.33$86.33
Total monthly$1,633.46$2,342.97$2,672.83
Cash to close$131,101$36,500$36,500