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$173,370$173,370$291,600
Remaining term (yrs)24.724.730.0
Secondary amount$0$118,230$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.509%7.640%
1st payment$822.25$822.25$2,018.98
2nd payment$0.00$788.20$0.00
Taxes / mo$200.83$200.83$200.83
Insurance / mo$150.00$150.00$150.00
MI / mo$138.86$138.86$58.32
HOA / mo$133.00$133.00$133.00
Total monthly$1,444.94$2,233.14$2,561.13
Cash to close$150,630$32,400$32,400