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$168,981$168,981$345,600
Remaining term (yrs)23.523.530.0
Secondary amount$0$176,619$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.191%7.640%
1st payment$871.42$871.42$2,392.86
2nd payment$0.00$1,177.46$0.00
Taxes / mo$118.08$118.08$118.08
Insurance / mo$150.00$150.00$150.00
MI / mo$138.32$138.32$69.12
HOA / mo$0.00$0.00$0.00
Total monthly$1,277.82$2,455.28$2,730.07
Cash to close$215,019$38,400$38,400