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$190,072$190,072$242,910
Remaining term (yrs)25.525.530.0
Secondary amount$0$52,838$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.565%7.640%
1st payment$964.82$964.82$1,681.86
2nd payment$0.00$396.29$0.00
Taxes / mo$42.75$42.75$42.75
Insurance / mo$150.00$150.00$150.00
MI / mo$147.39$147.39$48.58
HOA / mo$0.00$0.00$0.00
Total monthly$1,304.96$1,701.25$1,923.19
Cash to close$79,828$26,990$26,990