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$150,567$150,567$310,410
Remaining term (yrs)23.023.030.0
Secondary amount$0$159,843$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.283%7.640%
1st payment$800.06$800.06$2,149.22
2nd payment$0.00$1,065.62$0.00
Taxes / mo$44.17$44.17$44.17
Insurance / mo$150.00$150.00$150.00
MI / mo$124.49$124.49$62.08
HOA / mo$0.00$0.00$0.00
Total monthly$1,118.72$2,184.34$2,405.46
Cash to close$194,333$34,490$34,490