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$182,532$182,532$474,300
Remaining term (yrs)18.818.830.0
Secondary amount$0$291,768$0
Funding fee$0$0$0
Note rate3.980%3.980%7.400%
Blended rate4.830%6.626%7.640%
1st payment$1,145.71$1,145.71$3,283.96
2nd payment$0.00$1,884.33$0.00
Taxes / mo$164.58$164.58$164.58
Insurance / mo$166.67$166.67$166.67
MI / mo$170.40$170.40$94.86
HOA / mo$60.00$60.00$60.00
Total monthly$1,707.36$3,591.69$3,770.07
Cash to close$344,468$52,700$52,700