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$174,036$174,036$427,410
Remaining term (yrs)19.619.630.0
Secondary amount$0$253,374$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.410%7.640%
1st payment$1,028.01$1,028.01$2,959.30
2nd payment$0.00$1,636.37$0.00
Taxes / mo$163.75$163.75$163.75
Insurance / mo$166.67$166.67$166.67
MI / mo$159.97$159.97$85.48
HOA / mo$59.00$59.00$59.00
Total monthly$1,577.40$3,213.77$3,434.20
Cash to close$300,864$47,490$47,490