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$93,723$93,723$314,100
Remaining term (yrs)19.019.030.0
Secondary amount$0$220,377$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%6.858%7.640%
1st payment$581.41$581.41$2,174.76
2nd payment$0.00$1,423.27$0.00
Taxes / mo$103.08$103.08$103.08
Insurance / mo$150.00$150.00$150.00
MI / mo$87.21$87.21$62.82
HOA / mo$103.00$103.00$103.00
Total monthly$1,024.70$2,447.97$2,593.67
Cash to close$255,277$34,900$34,900