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$191,179$191,179$288,000
Remaining term (yrs)23.523.530.0
Secondary amount$0$96,821$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.880%7.640%
1st payment$985.89$985.89$1,994.05
2nd payment$0.00$726.15$0.00
Taxes / mo$107.42$107.42$107.42
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$57.60
HOA / mo$290.00$290.00$290.00
Total monthly$1,689.80$2,415.95$2,599.07
Cash to close$128,821$32,000$32,000