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$291,984$291,984$494,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$202,116$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%5.741%7.640%
1st payment$1,513.46$1,513.46$3,421.05
2nd payment$0.00$1,305.33$0.00
Taxes / mo$183.08$183.08$183.08
Insurance / mo$166.67$166.67$166.67
MI / mo$238.74$238.74$98.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.95$3,407.28$3,869.62
Cash to close$257,016$54,900$54,900