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$156,808$156,808$313,200
Remaining term (yrs)24.524.530.0
Secondary amount$0$156,392$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%5.792%7.640%
1st payment$731.11$731.11$2,168.53
2nd payment$0.00$1,042.61$0.00
Taxes / mo$95.08$95.08$95.08
Insurance / mo$150.00$150.00$150.00
MI / mo$127.02$127.02$62.64
HOA / mo$130.00$130.00$130.00
Total monthly$1,233.21$2,275.82$2,606.26
Cash to close$191,192$34,800$34,800