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$152,691$152,691$237,600
Remaining term (yrs)24.224.230.0
Secondary amount$0$84,909$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%5.543%7.640%
1st payment$719.38$719.38$1,645.09
2nd payment$0.00$636.82$0.00
Taxes / mo$31.83$31.83$31.83
Insurance / mo$150.00$150.00$150.00
MI / mo$124.50$124.50$47.52
HOA / mo$224.00$224.00$224.00
Total monthly$1,249.70$1,886.52$2,098.45
Cash to close$111,309$26,400$26,400