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$177,303$177,303$232,650
Remaining term (yrs)24.424.430.0
Secondary amount$0$55,347$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.877%7.640%
1st payment$828.63$828.63$1,610.82
2nd payment$0.00$415.10$0.00
Taxes / mo$110.17$110.17$110.17
Insurance / mo$150.00$150.00$150.00
MI / mo$143.96$143.96$46.53
HOA / mo$58.00$58.00$58.00
Total monthly$1,290.76$1,705.87$1,975.52
Cash to close$81,197$25,850$25,850