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$156,260$156,260$258,750
Remaining term (yrs)23.123.130.0
Secondary amount$0$102,490$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.910%7.640%
1st payment$835.07$835.07$1,791.53
2nd payment$0.00$683.26$0.00
Taxes / mo$88.17$88.17$88.17
Insurance / mo$150.00$150.00$150.00
MI / mo$128.67$128.67$51.75
HOA / mo$286.00$286.00$286.00
Total monthly$1,487.91$2,171.18$2,367.46
Cash to close$131,240$28,750$28,750