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$103,533$103,533$351,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$247,467$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.797%7.640%
1st payment$637.16$637.16$2,430.25
2nd payment$0.00$1,598.22$0.00
Taxes / mo$71.50$71.50$71.50
Insurance / mo$150.00$150.00$150.00
MI / mo$98.42$98.42$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$957.07$2,555.30$2,721.95
Cash to close$286,467$39,000$39,000