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$162,536$162,536$441,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$278,464$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%6.272%7.640%
1st payment$773.92$773.92$3,053.39
2nd payment$0.00$1,798.42$0.00
Taxes / mo$55.42$55.42$55.42
Insurance / mo$166.67$166.67$166.67
MI / mo$131.87$131.87$88.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,127.88$2,926.29$3,363.68
Cash to close$327,464$49,000$49,000