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$147,900$147,900$193,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$45,510$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.406%7.640%
1st payment$727.37$727.37$1,339.13
2nd payment$0.00$341.32$0.00
Taxes / mo$23.00$23.00$23.00
Insurance / mo$150.00$150.00$150.00
MI / mo$115.45$115.45$38.68
HOA / mo$0.00$0.00$0.00
Total monthly$1,015.82$1,357.15$1,550.81
Cash to close$67,000$21,490$21,490