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$59,107$59,107$202,410
Remaining term (yrs)18.718.730.0
Secondary amount$0$143,303$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%7.033%7.640%
1st payment$367.81$367.81$1,401.45
2nd payment$0.00$955.36$0.00
Taxes / mo$52.17$52.17$52.17
Insurance / mo$150.00$150.00$150.00
MI / mo$55.64$55.64$40.48
HOA / mo$0.00$0.00$0.00
Total monthly$625.61$1,580.97$1,644.09
Cash to close$165,793$22,490$22,490