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$179,901$179,901$310,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$130,599$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.995%7.640%
1st payment$961.41$961.41$2,149.84
2nd payment$0.00$870.66$0.00
Taxes / mo$104.75$104.75$104.75
Insurance / mo$150.00$150.00$150.00
MI / mo$148.13$148.13$62.10
HOA / mo$87.00$87.00$87.00
Total monthly$1,451.29$2,321.95$2,553.69
Cash to close$165,099$34,500$34,500