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$174,140$174,140$217,350
Remaining term (yrs)23.723.730.0
Secondary amount$0$43,210$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.058%7.640%
1st payment$873.80$873.80$1,504.89
2nd payment$0.00$324.07$0.00
Taxes / mo$35.67$35.67$35.67
Insurance / mo$150.00$150.00$150.00
MI / mo$142.58$142.58$43.47
HOA / mo$0.00$0.00$0.00
Total monthly$1,202.05$1,526.12$1,734.02
Cash to close$67,360$24,150$24,150