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$196,138$196,138$301,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$105,362$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.313%7.640%
1st payment$958.22$958.22$2,087.53
2nd payment$0.00$702.41$0.00
Taxes / mo$159.17$159.17$159.17
Insurance / mo$150.00$150.00$150.00
MI / mo$160.58$160.58$60.30
HOA / mo$65.00$65.00$65.00
Total monthly$1,492.96$2,195.38$2,521.99
Cash to close$138,862$33,500$33,500