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$136,715$136,715$265,410
Remaining term (yrs)24.524.530.0
Secondary amount$0$128,695$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%5.764%7.640%
1st payment$642.32$642.32$1,837.65
2nd payment$0.00$857.96$0.00
Taxes / mo$39.83$39.83$39.83
Insurance / mo$150.00$150.00$150.00
MI / mo$110.59$110.59$53.08
HOA / mo$0.00$0.00$0.00
Total monthly$942.74$1,800.70$2,080.56
Cash to close$158,185$29,490$29,490