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$44,077$44,077$130,410
Remaining term (yrs)19.819.830.0
Secondary amount$0$86,333$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%7.452%7.640%
1st payment$257.96$257.96$902.93
2nd payment$0.00$647.50$0.00
Taxes / mo$30.33$30.33$30.33
Insurance / mo$150.00$150.00$150.00
MI / mo$40.34$40.34$26.08
HOA / mo$0.00$0.00$0.00
Total monthly$478.63$1,126.12$1,109.35
Cash to close$100,823$14,490$14,490