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$28,580$28,580$171,000
Remaining term (yrs)16.016.030.0
Secondary amount$0$142,420$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%7.390%7.640%
1st payment$193.12$193.12$1,183.97
2nd payment$0.00$949.47$0.00
Taxes / mo$56.00$56.00$56.00
Insurance / mo$150.00$150.00$150.00
MI / mo$30.46$30.46$34.20
HOA / mo$0.00$0.00$0.00
Total monthly$429.58$1,379.05$1,424.17
Cash to close$161,420$19,000$19,000