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$182,542$182,542$280,800
Remaining term (yrs)23.323.330.0
Secondary amount$0$98,258$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.120%7.640%
1st payment$974.07$974.07$1,944.20
2nd payment$0.00$736.93$0.00
Taxes / mo$176.67$176.67$176.67
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$56.16
HOA / mo$91.00$91.00$91.00
Total monthly$1,541.27$2,278.20$2,418.03
Cash to close$129,458$31,200$31,200