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$202,047$202,047$495,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$292,953$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%6.150%7.640%
1st payment$958.18$958.18$3,427.28
2nd payment$0.00$1,891.99$0.00
Taxes / mo$204.25$204.25$204.25
Insurance / mo$166.67$166.67$166.67
MI / mo$161.40$161.40$99.00
HOA / mo$63.33$63.33$63.33
Total monthly$1,553.82$3,445.82$3,960.53
Cash to close$347,953$55,000$55,000