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$153,587$153,587$585,000
Remaining term (yrs)18.818.830.0
Secondary amount$0$431,413$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.947%7.640%
1st payment$952.86$952.86$4,050.42
2nd payment$0.00$2,786.21$0.00
Taxes / mo$196.42$196.42$196.42
Insurance / mo$166.67$166.67$166.67
MI / mo$144.15$144.15$117.00
HOA / mo$51.50$51.50$51.50
Total monthly$1,511.59$4,297.80$4,582.01
Cash to close$496,413$65,000$65,000