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$108,608$108,608$256,500
Remaining term (yrs)18.718.730.0
Secondary amount$0$147,892$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.598%7.640%
1st payment$675.84$675.84$1,775.95
2nd payment$0.00$985.95$0.00
Taxes / mo$83.83$83.83$83.83
Insurance / mo$150.00$150.00$150.00
MI / mo$102.24$102.24$51.30
HOA / mo$70.00$70.00$70.00
Total monthly$1,081.91$2,067.86$2,131.09
Cash to close$176,392$28,500$28,500