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$113,381$113,381$170,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$57,529$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.517%7.640%
1st payment$529.39$529.39$1,183.35
2nd payment$0.00$431.46$0.00
Taxes / mo$40.92$40.92$40.92
Insurance / mo$150.00$150.00$150.00
MI / mo$90.09$90.09$34.18
HOA / mo$190.00$190.00$190.00
Total monthly$1,000.40$1,431.86$1,598.44
Cash to close$76,519$18,990$18,990