Sophia Sommer

(602) 512-9825
The Sommer Group
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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$133,040$133,040$359,100
Remaining term (yrs)15.015.030.0
Secondary amount$0$226,060$0
Funding fee$0$0$0
Note rate2.150%2.150%7.400%
Blended rate3.000%5.990%7.640%
1st payment$861.29$861.29$2,486.34
2nd payment$0.00$1,459.97$0.00
Taxes / mo$257.17$257.17$257.17
Insurance / mo$150.00$150.00$150.00
MI / mo$118.92$118.92$71.82
HOA / mo$50.00$50.00$50.00
Total monthly$1,437.38$2,897.35$3,015.32
Cash to close$265,960$39,900$39,900