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$28,469$28,469$148,500
Remaining term (yrs)16.216.230.0
Secondary amount$0$120,031$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%7.271%7.640%
1st payment$188.79$188.79$1,028.18
2nd payment$0.00$800.21$0.00
Taxes / mo$36.17$36.17$36.17
Insurance / mo$150.00$150.00$150.00
MI / mo$30.34$30.34$29.70
HOA / mo$278.00$278.00$278.00
Total monthly$683.30$1,483.51$1,522.05
Cash to close$136,531$16,500$16,500