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$137,166$137,166$269,999
Remaining term (yrs)21.021.030.0
Secondary amount$0$132,833$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.339%7.640%
1st payment$794.64$794.64$1,869.42
2nd payment$0.00$885.56$0.00
Taxes / mo$59.08$59.08$59.08
Insurance / mo$150.00$150.00$150.00
MI / mo$119.63$119.63$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,123.35$2,008.90$2,132.50
Cash to close$162,833$30,000$30,000