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$84,967$84,967$224,910
Remaining term (yrs)21.421.430.0
Secondary amount$0$139,943$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.791%7.640%
1st payment$489.24$489.24$1,557.23
2nd payment$0.00$932.96$0.00
Taxes / mo$59.92$59.92$59.92
Insurance / mo$150.00$150.00$150.00
MI / mo$73.03$73.03$44.98
HOA / mo$0.00$0.00$0.00
Total monthly$772.18$1,705.14$1,812.13
Cash to close$164,933$24,990$24,990