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$151,967$151,967$183,600
Remaining term (yrs)24.724.730.0
Secondary amount$0$31,633$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.704%7.640%
1st payment$720.74$720.74$1,271.21
2nd payment$0.00$237.25$0.00
Taxes / mo$36.08$36.08$36.08
Insurance / mo$150.00$150.00$150.00
MI / mo$121.71$121.71$36.72
HOA / mo$0.00$0.00$0.00
Total monthly$1,028.54$1,265.79$1,494.01
Cash to close$52,033$20,400$20,400