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$183,401$183,401$283,500
Remaining term (yrs)17.217.230.0
Secondary amount$0$100,099$0
Funding fee$0$0$0
Note rate2.660%2.660%7.400%
Blended rate3.510%5.095%7.640%
1st payment$1,101.53$1,101.53$1,962.90
2nd payment$0.00$667.33$0.00
Taxes / mo$107.95$107.95$107.95
Insurance / mo$150.00$150.00$150.00
MI / mo$193.38$193.38$56.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,552.85$2,220.18$2,277.55
Cash to close$131,599$31,500$31,500