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$228,475$228,475$378,000
Remaining term (yrs)22.522.530.0
Secondary amount$0$149,525$0
Funding fee$0$0$0
Note rate4.280%4.280%7.400%
Blended rate5.130%6.265%7.640%
1st payment$1,313.69$1,313.69$2,617.20
2nd payment$0.00$996.83$0.00
Taxes / mo$118.42$118.42$118.42
Insurance / mo$150.00$150.00$150.00
MI / mo$188.48$188.48$75.60
HOA / mo$76.42$76.42$76.42
Total monthly$1,847.00$2,843.83$3,037.63
Cash to close$191,525$42,000$42,000