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$112,159$112,159$306,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$193,841$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.739%7.640%
1st payment$696.85$696.85$2,118.68
2nd payment$0.00$1,292.27$0.00
Taxes / mo$190.75$190.75$190.75
Insurance / mo$150.00$150.00$150.00
MI / mo$107.11$107.11$61.20
HOA / mo$110.00$110.00$110.00
Total monthly$1,254.71$2,546.98$2,630.63
Cash to close$227,841$34,000$34,000