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$179,427$179,427$431,100
Remaining term (yrs)18.318.330.0
Secondary amount$0$251,673$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%6.485%7.640%
1st payment$1,135.63$1,135.63$2,984.85
2nd payment$0.00$1,625.39$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$166.67$166.67$166.67
MI / mo$171.38$171.38$86.22
HOA / mo$120.00$120.00$120.00
Total monthly$1,791.34$3,416.72$3,555.40
Cash to close$299,573$47,900$47,900