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$177,117$177,117$269,999
Remaining term (yrs)23.023.030.0
Secondary amount$0$92,882$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.028%7.640%
1st payment$944.26$944.26$1,869.42
2nd payment$0.00$696.61$0.00
Taxes / mo$90.67$90.67$90.67
Insurance / mo$150.00$150.00$150.00
MI / mo$146.75$146.75$54.00
HOA / mo$288.00$288.00$288.00
Total monthly$1,619.67$2,316.29$2,452.09
Cash to close$122,882$30,000$30,000