Sophia Sommer

(602) 512-9825
The Sommer Group
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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$201,276$201,276$267,300
Remaining term (yrs)24.724.730.0
Secondary amount$0$66,024$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%5.167%7.640%
1st payment$965.07$965.07$1,850.73
2nd payment$0.00$495.18$0.00
Taxes / mo$75.42$75.42$75.42
Insurance / mo$150.00$150.00$150.00
MI / mo$160.90$160.90$53.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,351.38$1,846.56$2,129.61
Cash to close$95,724$29,700$29,700