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$98,369$98,369$238,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$140,131$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.573%7.640%
1st payment$586.81$586.81$1,651.33
2nd payment$0.00$934.21$0.00
Taxes / mo$89.08$89.08$89.08
Insurance / mo$150.00$150.00$150.00
MI / mo$90.42$90.42$47.70
HOA / mo$0.00$0.00$0.00
Total monthly$916.31$1,850.51$1,938.11
Cash to close$166,631$26,500$26,500