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$118,530$118,530$342,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$223,470$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.631%7.640%
1st payment$729.45$729.45$2,367.94
2nd payment$0.00$1,443.24$0.00
Taxes / mo$91.00$91.00$91.00
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,083.12$2,526.37$2,677.34
Cash to close$261,470$38,000$38,000