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$169,503$169,503$319,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$149,997$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.920%7.640%
1st payment$848.57$848.57$2,212.15
2nd payment$0.00$999.98$0.00
Taxes / mo$96.83$96.83$96.83
Insurance / mo$150.00$150.00$150.00
MI / mo$138.46$138.46$63.90
HOA / mo$132.00$132.00$132.00
Total monthly$1,365.86$2,365.84$2,654.89
Cash to close$185,497$35,500$35,500