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$139,325$139,325$191,250
Remaining term (yrs)24.424.430.0
Secondary amount$0$51,925$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.314%7.640%
1st payment$676.28$676.28$1,324.18
2nd payment$0.00$389.44$0.00
Taxes / mo$36.50$36.50$36.50
Insurance / mo$150.00$150.00$150.00
MI / mo$112.32$112.32$38.25
HOA / mo$330.00$330.00$330.00
Total monthly$1,305.10$1,694.54$1,878.93
Cash to close$73,175$21,250$21,250