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$122,526$122,526$391,500
Remaining term (yrs)16.116.130.0
Secondary amount$0$268,974$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.648%7.640%
1st payment$817.48$817.48$2,710.67
2nd payment$0.00$1,737.12$0.00
Taxes / mo$140.58$140.58$140.58
Insurance / mo$150.00$150.00$150.00
MI / mo$130.90$130.90$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,238.96$2,976.08$3,079.55
Cash to close$312,474$43,500$43,500