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$167,657$167,657$274,500
Remaining term (yrs)23.223.230.0
Secondary amount$0$106,843$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.893%7.640%
1st payment$894.85$894.85$1,900.58
2nd payment$0.00$712.29$0.00
Taxes / mo$96.50$96.50$96.50
Insurance / mo$150.00$150.00$150.00
MI / mo$137.71$137.71$54.90
HOA / mo$292.00$292.00$292.00
Total monthly$1,571.06$2,283.35$2,493.98
Cash to close$137,343$30,500$30,500