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$174,177$174,177$269,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$95,733$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.967%7.640%
1st payment$898.21$898.21$1,868.80
2nd payment$0.00$718.00$0.00
Taxes / mo$134.25$134.25$134.25
Insurance / mo$150.00$150.00$150.00
MI / mo$142.57$142.57$53.98
HOA / mo$81.00$81.00$81.00
Total monthly$1,406.03$2,124.03$2,288.03
Cash to close$125,723$29,990$29,990