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$125,358$125,358$369,900
Remaining term (yrs)18.418.430.0
Secondary amount$0$244,542$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.655%7.640%
1st payment$778.73$778.73$2,561.11
2nd payment$0.00$1,579.33$0.00
Taxes / mo$129.83$129.83$129.83
Insurance / mo$150.00$150.00$150.00
MI / mo$120.28$120.28$73.98
HOA / mo$60.00$60.00$60.00
Total monthly$1,238.84$2,818.18$2,974.93
Cash to close$285,642$41,100$41,100