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$180,984$180,984$254,700
Remaining term (yrs)23.523.530.0
Secondary amount$0$73,716$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.660%7.640%
1st payment$933.31$933.31$1,763.49
2nd payment$0.00$552.87$0.00
Taxes / mo$153.33$153.33$153.33
Insurance / mo$150.00$150.00$150.00
MI / mo$148.14$148.14$50.94
HOA / mo$70.00$70.00$70.00
Total monthly$1,454.79$2,007.66$2,187.76
Cash to close$102,016$28,300$28,300