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$166,469$166,469$360,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$193,531$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.363%7.640%
1st payment$983.32$983.32$2,492.57
2nd payment$0.00$1,290.21$0.00
Taxes / mo$213.83$213.83$213.83
Insurance / mo$150.00$150.00$150.00
MI / mo$153.01$153.01$72.00
HOA / mo$140.00$140.00$140.00
Total monthly$1,640.16$2,930.37$3,068.40
Cash to close$233,531$40,000$40,000